Minimum Benefit definition

Minimum Benefit means the amount of payment, pension or preserved benefit entitlement that is determined to avoid payment of the superannuation guarantee charge.

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Minimum Benefit. The value of this contract is at least equal to the minimum under any nonforfeiture law where this contract has been issued.

Minimum Benefit means the benefits determined in accordance with section 14A of the Pension Funds Act;

Examples of Minimum Benefit in a sentence

• The Employer should describe below the extent, if any, to which the Top-Heavy Minimum Benefit requirements of Code Section 416(c) and paragraph 14.2 of the Basic Plan Document #01 shall be met in another plan.

• Permanent disfigurement or scarring to the Face of at least 1 square centimetre or 2 centimetres in length, Chubb will pay a Benefit Amount that is proportionate to the extent of disfigurement or scarring between the Minimum Benefit (i) and Maximum Benefit (ii) stated in the Schedule of Benefits.

• The City shall provide Short-term (STD) and Long-term (LTD) disability insurance to all regular full time employees with the following provisions: Weekly Benefit 66.67% gross weekly wages Maximum Benefit $10,000/month Minimum Benefit $15 (STD) and $100 (LTD) Waiting Period 30 Calendar Days (STD) 180 Calendar Days (LTD) Employees shall not be required to exhaust accrued paid leaves prior to receiving benefits under the disability insurance program.

• Notwithstanding paragraph (a) above, and subject to the Top-Heavy Minimum Benefit requirements of Section 3.6, a Participant may agree to forego an allocation of Employer contributions to his or her Participant's Account for all or any Plan Years if such Participant is an HCE for such Plan Year.

• For example, if You selected the Joint and 75% Survivor payment option and one of the annuitants dies, the Guaranteed Minimum Benefit and the Stabilized Payment will be reduced to 75%.

More Definitions of Minimum Benefit

Minimum Benefit means the benefit described in Section 11.4.

Minimum Benefit means the lowest full monthly amount of SNAP that an eligible one or two person assistance group may receive. By law, this amount is eight per cent of the maximum allotment for an assistance group containing one member, rounded to the nearest dollar.

Minimum Benefit means the minimum amount of benefits issued to one- and two-person households that are eligible for assistance, but whose issuance calculates to less than the federally prescribed minimum allotment.

Minimum Benefit means the minimum monthly amount of benefits that one- and two-person households receive. The amount of the minimum benefit is equal to eight percent of the maximum monthly allotment for a one-person household. See 7-F, Exceptions to Benefit Level.

Minimum Benefit means the minimum benefit calculated under Section 4.7 for a Participant who is not a Grandfathered Participant.

Minimum Benefit means the smallest monthly payment that shall be made as an old age insurance benefit, a disability insurance benefit, or a survivor’s insurance benefit. As of the effective date of this Chapter, the minimum benefit shall be forty-seven dollars and fifty cents (US $47.50) per month; provided, however, the Board may within twenty-four (24) months of the effective date of this Chapter increase the minimum benefit up to one hundred dollars (US $ 100.00) per month upon an actuarial evaluation which states that the increase can be made without jeopardizing or impairing the financial soundness of the Fund with the benefits as set forth in this Chapter, including the early retirement, old age insurance benefits. Thereafter, the minimum benefit shall be automatically increased by the same percentage as any cost of living adjustment granted by the Board pursuant to Section 147 of this Chapter.

Minimum Benefit means the smallest monthly payment that shall be made as an old age insurance benefit, a disability insurance benefit, or a survivor’s insurance benefit. As of the effective date of this Chapter, the minimum benefit shall be forty-seven dollars and fifty cents (US $47.50) per month; provided, however, the Board may within twenty-four (24)