Initial benefit definition
Initial benefit means the retirement allowance as calculated to be effective on the date of the member's retirement. It takes into account any reductions based on options selected by the member under Section 4.36.260. It shall also mean payments of accumulated contributions made under Subsection 4.36.270 B, and payments received by a beneficiary as a result of an option selected under Section 4.36.260.
Initial benefit means the difference between the sale price and the unrestricted fair market value of the Affordable Unit at the time of purchase.
Initial benefit means the amount of savings the Company or the Sublessee received through the Agency, in the form of exemptions from sales tax.
Examples of Initial benefit in a sentence
Initial benefit will be derived from the immediate creation of jobs and income from the construction of the Project (see “Interim construction benefits” below).
More Definitions of Initial benefit
Initial benefit means the first monthly benefit to a retiree or beneficiaryBeneficiary in accordance