Normal form definition

Normal form means a monthly annuity which is one twelfth of the amount of the member’s accrued benefit which is payable for the member’s life. If the member dies before the sum of the payments he or she receives equals his or her accumulated contributions on the annuity starting date, the named beneficiary shall receive in one lump sum the difference between the accumulated contributions at the annuity starting date and the total of the retirement income payments made to the member.

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Normal form or "normal form benefit" means a monthly retirement benefit payable during the

Normal form or "normal form benefit" means a monthly retirement benefit payable during the lifetime of the retired member.

Examples of Normal form in a sentence

• Normal form of pension If the employee has a spouse or common-law partner at retirement If the employee does not have a spouse or common-law partner at retirement A joint and survivor pension payable to the employee for their lifetime, and following their death, payments will reduce by one third (1/3) and will continue to their spouse or common-law partner for their spouse’s or common-law partner’s lifetime.

• Note: Normal form is before any reduction for Joint & Survivor pension and taxes.

• Note: Normal form means before any reduction for a Joint & Survivor pension and taxes.

• Before Member’s beneficiary be entitled to receive payments, the amount of Is equal to the amount of the member’s vested After Normal form of a life annuity granted for years.

• Post-Retirement Normal form guarantees payment for 60 months in any event.

More Definitions of Normal form

Normal form or "normal form benefit" means a monthly retirement benefit payable only for the

Normal form means an unreduced life annuity with 50% spousal survivor annuity.

Normal form means a single life annuity payable for the life of the Participant and ending with the last monthly payment made prior to the Participant’s death.

Normal form of an Annuity Benefit under this Contract means (i) if the Annuitant has a living spouse at the Retirement Date, the Fixed Annuity Benefit payable on the Joint and Survivor Life Annuity Form with such spouse as the contingent annuitant (with 100% of the monthly payment amount continued to the spouse), and (ii) if the Annuitant does not have a living spouse at the Retirement Date, the Fixed Annuity Benefit payable on the Life Annuity Form.

Normal form means radioactive material which has not been demonstrated to qualify as “special form”; also referred to as “nonspecial form”.

Normal form means monthly payments to Executive for his life with the last payment made for the month during which Executive dies and with no death benefits payable to any person.

Normal form means a lump sum distribution.