Related to Member Benefit
Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.
Survivor Benefit means the benefit set forth in Article 10.
Retirement Benefit means the benefit set forth in Article 5.
Regular benefits ’ means benefits payable to an individual under this act or under any other state law, including benefits payable to federal civilian employees and to ex-servicemen pursuant to 5 U.S.C. chapter 85, other than extended benefits.
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.
Supplemental Retirement Benefit means the benefit payable to a Participant pursuant to this Plan by reason of his termination of employment with the Company and all Affiliates for any reason other than death.
Termination Benefit means the benefit set forth in Article 7.
Annual Benefit means a retirement benefit payable under the Plan which is payable annually in the form of a straight life annuity. Except as provided below, a benefit payable in a form other than a straight life annuity must be adjusted to an actuarially equivalent straight life annuity before applying the limitations of this Section. The interest rate assumption used to determine actuarial equivalence will be the greater of the interest rate specified in Section 1.2 of this Plan or five percent (5%). The Annual Benefit does not include any benefits attributable to Employee contributions or rollover contributions, or the assets transferred from a qualified plan that was not maintained by the Employer. No actuarial adjustment to the benefit is required for (a) the value of a Qualified Joint and Survivor Annuity, (b) the value of benefits that are not directly related to retirement benefits (such as the qualified disability benefit, pre-retirement death benefits and post-retirement medical benefits) and (c) the value of post-retirement cost-of-living increases made in accordance with Section 415(d) of the Code and section 1.415-3(c)(2)(iii) of the Federal Income Tax Regulations.
Death Benefit means the benefit set forth in Article 9.
Public benefit means a department grant of a right or interest in or concerning a transportation system project, including:
Seller Benefit Plan means each Employee Benefit Plan sponsored or maintained or required to be sponsored or maintained at any time by Seller or to which Seller makes or has made, or has or has had an obligation to make, contributions at any time.
Disability Benefit means the benefit set forth in Article 8.
Normal Retirement Benefit means the benefit described in Section 2.1.
Pharmacy benefit manager means a person, business or other
Remainder beneficiary means a person entitled to receive principal when an income interest ends.
Retirement Benefits means the benefits described in Section 3.1(b) hereof.
Early Retirement Benefit means the retirement benefit payable to a member following early
Severance Benefit means the compensation and other benefits the Covered Employee will be provided pursuant to Section 4.
Other Benefit Obligations means all obligations, arrangements, or customary practices, whether or not legally enforceable, to provide benefits, other than salary, as compensation for services rendered, to present or former directors, employees, or agents, other than obligations, arrangements, and practices that are Plans. Other Benefit Obligations include consulting agreements under which the compensation paid does not depend upon the amount of service rendered, sabbatical policies, severance payment policies, and fringe benefits within the meaning of IRC Section 132.
SERP means any and all supplemental retirement plans in which the Executive participates (including, but not limited to, any benefit restoration plan(s) maintained by the Company from time to time).
DBM (DENTAL BENEFITS MANAGER means a contractor approved by the Tennessee Department of Finance and Administration to provide dental benefits to enrollees in the TennCare Program to the extent such services are covered by TennCare.
Disability Support Pension means the Commonwealth pension scheme to provide income security for persons with a disability as provided under the Social Security Act 1991, as amended from time to time, or any successor to that scheme.