Last Monthly Benefit definition

Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.
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Last Monthly Benefit means the gross Monthly Benefit payable to you prior to your death without any reduction for earnings received from employment.
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Last Monthly Benefit means the net Monthly Benefit payable to you prior to your death.
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Examples of Last Monthly Benefit in a sentence

  • The lump sum benefit will be an amount equal to three times the Covered Person's Last Monthly Benefit.


More Definitions of Last Monthly Benefit

Last Monthly Benefit means the gross Monthly Benefit payable to the Covered Person prior to his death without any reduction for earnings received from employment.
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Last Monthly Benefit means the monthly benefit paid to you immediately prior to your death but not including any reduction for wages earned while in rehabilitative employment.
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Last Monthly Benefit means the Gross Monthly Benefit payable to you immediately prior to death. Any reductions for Other Income Benefits, or for earnings you received for Partial Disability Employment, will not apply.
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Last Monthly Benefit means the monthly benefit paid to you immediately prior to your death but not including any reduction for earnings.
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Last Monthly Benefit means the gross Monthly Benefit paid to the Covered Person immediately prior to his death without any reduction for earnings received from employment.
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Last Monthly Benefit means the Monthly Benefit paid to you immediately prior to your death without any reduction for earnings received from employment.
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Related to Last Monthly Benefit

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Service benefit means the credit toward retirement benefits as determined by the

  • Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

  • Actuarial equivalent means a benefit of equal value when