Pension Member definition

Pension Member means each Transferring Customer Employee who remains or becomes a member of the PCSPS under paragraph 161.1 of this Annex and who has not subsequently ceased to be an active member of the PCSPS; and Transferring Employee means each Transferring Customer Employee and each Fair Deal Employee.
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Pension Member means each Transferring Customer Employee who remains or becomes a member of the PCSPS under paragraph of this Annex and who has not subsequently ceased to be an active member of the PCSPS; and
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Pension Member means any person who has become a Member of the Pension Plan in accordance with the Pension Regulations and who has an entitlement to, or is in receipt of, a benefit from such Plans;
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Examples of Pension Member in a sentence

  • The Board may establish an investment plan under which a Term Allocated Pension Member who selects that plan may select the Member’s own asset allocation subject to any conditions determined by the Board.

  • Until a Term Allocated Pension Member selects otherwise the Member is taken to have selected the default plan.

  • The Board may temporarily keep amounts transferred for a Term Allocated Pension Member, together with amounts transferred for other Term Allocated Pension Members, in an account maintained for that purpose until those amounts are credited to the appropriate term allocated pension accounts.

  • Until a Term Allocated Pension Member selects otherwise the Member is taken to have selected monthly pension payments.

  • If a Term Allocated Pension Member has not given notice of the Member’s selection to the Board before the Member’s first pension day, or the Member’s selection under subregulation (1)(b) does not comply with subregulation (2), the Member is taken to have selected a lump sum death benefit.

  • Term allocated pension accounts for Members, Board to establish (1) The Board is to establish and maintain in the Fund a term allocated pension account for each Term Allocated Pension Member.

  • Pension period, selection of (1) A Term Allocated Pension Member is to select the period for which the Member’s term allocated pension is to be paid and give notice of that selection to the Board before the Member’s first pension day.

  • When membership ceases A person ceases to be a Term Allocated Pension Member when the balance in the Member’s term allocated pension account is reduced to zero.

  • When a person becomes a Term Allocated Pension Member he or she must transfer to the Term Allocated Pension Scheme all or part of the benefit or eligible termination payment referred to in regulation 196B(1).

  • Cessation of membership A person ceases to be a Term Allocated Pension Member when the balance in the Member’s term allocated pension account is reduced to zero.


More Definitions of Pension Member

Pension Member means any person who has become a Member of the Pension Plan and/or the Long Term Disability Plan in accordance with the Pension Regulations and the Long Term Disability Regulations and who has an entitlement to, or is in receipt of, a benefit from such Plans;
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Pension Member means an Employee in Pensionable Service under the Scheme;
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Pension Member means, in relation to a qualifying pension fund, a person to or in respect of whom retirement benefits are to be paid from the fund;
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Related to 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..

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

  • Common Member means a Member holding Common Units.

  • Association Member means an owner or a member of an association.

  • Controlled Group Member means each trade or business (whether or not incorporated) which together with any Loan Party is treated as a single employer under Sections 4001(a)(14) or 4001(b)(1) of ERISA or Sections 414(b), (c), (m) or (o) of the Code.

  • pension credit ; means the means-tested Guarantee or Savings Credit administered by the Department for Work and Pensions under the State Pension Credit Regulations 2002;

  • Controlled Group means all members of a controlled group of corporations and all trades or businesses (whether or not incorporated) under common control which, together with the Borrower, are treated as a single employer under Section 414 of the Code.

  • Employee Member means a member of the “Bargaining Unit”.

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

  • Multiemployer Pension Plan means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which Borrower or any member of the Controlled Group may have any liability.

  • 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.

  • 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:

  • Designated Employer Representative (DER) means a designated school district representative authorized to take immediate action to remove employees from safety-sensitive duties, to make required decisions in the testing and evaluation process, and to receive test results and other communications for the school district.

  • Member contribution means a contribution under regulation 32;

  • 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.

  • Pooled fund group means an internally created fund of a district in which one or more institutional accounts of a district are in- vested.

  • 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.

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • Member contributions means all amounts paid to ASRS by a member.

  • Non-Contributing Member shall have the meaning set forth in Section 3.2(b).

  • 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;

  • Minority group member means a United States citizen or permanent resident alien who is and can demonstrate membership in one of the following groups:

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

  • 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.

  • Active member means a member of the pension program or the individual account program

  • Controlled Group Liability means any and all liabilities (i) under Title IV of ERISA, (ii) under Section 302 of ERISA, (iii) under Sections 412 and 4971 of the Code, (iv) as a result of a failure to comply with the continuation coverage requirements of Section 601 et seq. of ERISA and Section 4980B of the Code, and (v) under corresponding or similar provisions of foreign laws or regulations.