Non-Pension Member definition

Non-Pension Member means a Member who is not eligible to participate in the Carpenters’ Pension Plan but is eligible to participate in the Health and Welfare Plan due to a specific agreement with the St. Louis – Kansas City Carpenters Regional Council, like a participation agreement or a collective bargaining agreement.
Sample 1
Non-Pension Member means an Eligible Employee who is first hired in a position subject to an Applicable Bargaining Agreement on or after the Applicable Effective Date specified in such bargaining agreement and who is not eligible to earn pension benefits under any defined benefit pension plan maintained by the Company or any Affiliate (such employees are referred to in the Applicable Bargaining Agreement as “Pension New Hires”).
Sample 1

Examples of Non-Pension Member in a sentence

  • For purposes of eligibility for coverage in the Non-Active Classification, a “retired member” is an individual (1) who has begun to receive pension benefits from any of the Carpenters’ Pension Plans,(2) who had a previous period of coverage in the Hours-Based Eligibility Class, and (3) who is neither a retired Self-Employed Member, a retired Non-Pension Member, a Disabled Member, nor a Surviving Spouse.

  • Active members as defined in Article 2 of this constitution and Active Non-Pension Member as defined in Article 2, Section 3, of this constitution shall submit annual dues in the sum of eighty-eight dollars ($88) per member of which four dollars ($4) will be placed in the Association Firemen’s Museum and Memorial account to be used for continued maintenance and possible future expansions of the Memorial and/or Museum.Section 2.

  • A Non-Pension Member is an Active Member in the Hours-Based Eligibility Class other than a Self-Employed Member, who is not eligible to receive a pension from the Carpenters’ Pension Plan.

Related to Non-Pension Member

  • non-member means a person (national or overseas) who is not a member of the Teaching Service e.g. new graduate, new overseas recruit, resigned teacher etc..

  • state pension credit means state pension credit under the State Pension Credit Act 2002;

  • Common Member means a Member holding Common Units.

  • Deferred member means a person who elected to receive deferred vested retirement

  • war pension means a war disablement pension, a war widow’s pension or a war widower’s pension;

  • Plan Member means each Member any of the assets of which are subject to any Plan Governing Law.

  • Defined Contribution Dollar Limitation means, for any Limitation Year, $46,000, as adjusted for increases in the cost-of-living under Code section 415(d). If a short Limitation Year is created because of a Plan amendment changing the Limitation Year to a different 12-consecutive month period, the Defined Contribution Dollar Limitation for the short Limitation Year will not exceed the amount determined in the preceding sentence multiplied by a fraction, the numerator of which is the number of months in the short Limitation Year and the denominator of which is 12.

  • Retired member means any former member receiving a retirement allowance or any former member who has filed the necessary documents for retirement benefits and is no longer contributing to the retirement system;

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Single Employer Plan any Plan which is covered by Title IV of ERISA, but which is not a Multiemployer Plan.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee's account under any plan of an Employer or a Related Company solely on account of "elective contributions" made on his behalf or "employee contributions" made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Catch-Up Contribution means an Elective Deferral made to the Plan by a Catch-Up Eligible Participant that, during any taxable year of such Participant, exceeds one of the following:

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • qualifying age for state pension credit means (in accordance with section 1(2)(b) and (6) of the State Pension Credit Act 2002)—

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Terminated Participant means a person who has been a Participant, but whose employment has been terminated other than by death, Total and Permanent Disability or retirement.

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • Former Member means a member that has withdrawn from a qualified authority under this section or a prior member of a qualified authority that has been dissolved under this section.

  • Free Withdrawal Amount ’ means an amount equal to the percentage, stated in the Data Pages, of the Annuity Account Value, minus the total of all prior withdrawals (and associated Withdrawal Charges) made as described in Section 5.01 in the current Contract Year that may be withdrawn each Contract Year without incurring a Withdrawal Charge. We have the right to change the Free Withdrawal Amount, but it will always be a percentage between 5% and 30% if so provided in the Data Pages.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Discretionary Contribution means the contribution made by the Employer on behalf of a Participant as described in Section 4.4(b).