Pension Supplement definition

Pension Supplement means, with respect to any Plan Year, but only in the case of a Participant who was a Participant in the Plan on January 1, 1981, the excess (if any) of –
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Pension Supplement means a pension supplement under the Pension Supplement Scheme 20016;
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Pension Supplement means a pension paid in addition to any pension received up to State pension age, calculated at the annual rate of 1/60th of the average Lower Earnings Deduction in force from time to time over the period during which Final Pensionable Pay is determined for each year of Pensionable Service (with a maximum of 40 years).
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Examples of Pension Supplement in a sentence

  • The rates of Pension Supplement are indexed to Consumer Price Index (CPI) on 20 March and 20 September of each year.

  • The payee for ABSTUDY Pension Supplement is the student who meets the qualification criteria set out in 104.2.

  • Basic rates • See Age Pension (page 13), Pension Supplement (page 33).

  • The Pension Supplement combined a range of supplementary payments and allowances into a single payment for certain pensioners and income support recipients over age pension age.

  • Instalments will be paid as soon as possible after 20 March, 20 June, 20 September and 20 December each year.• The Pension Supplement is paid while the person is in Australia or, if outside Australia, only while the person has the right to continue to be paid their social security payment outside Australia.

  • If a person is paid an amount of Pension Supplement to which they were not qualified, or cease to be qualified for, the amount paid will be a recoverable amount and an overpayment may be raised.

  • However, where a person’s quarterly ES election ceases part way through a quarter (for example, because the person elects to move a fortnightly ES or because they cease to be eligible for ABSTUDY Living Allowance), they will be paid the amount of quarterly ES accrued up until that point as soon as reasonably practical People who have elected to receive quarterly Pension Supplement will receive quarterly ES payments by default.

  • Otherwise, the Executive Pension Supplement would be 80% of the difference between the Executive Pension Base and the unreduced Qualified Plan Benefit.

  • Overpayments If a person is paid an amount of Pension Supplement to which they were not qualified, or cease to be qualified for, the amount paid will be a recoverable amount and an overpayment may be raised.

  • The Executive Pension Supplement will be paid for life in monthly installments, each equal to l/12th of the annual amount determined in Article 4 or 5, whichever is applicable.


More Definitions of Pension Supplement

Pension Supplement shall have the meaning ascribed thereto in the Change of Control Agreement.
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Pension Supplement shall have the meaning ascribed thereto in Sections 11.0 [and 12.0] of this Agreement.
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Related to Pension Supplement

  • Misstatement means an untrue statement of a material fact or an omission to state a material fact required to be stated in a Registration Statement or Prospectus, or necessary to make the statements in a Registration Statement or Prospectus (in the light of the circumstances under which they were made) not misleading.

  • pension means a pension or annual allowance paid under the Public Service Superannuation Act (PSSA), R.S., 1985, c. P-36, and any increases paid pursuant to the Supplementary Retirement Benefits Act, R.S., 1985, c. S-24 as it affects the PSSA. It does not include pensions payable pursuant to the Canadian Forces Superannuation Act, R.S., 1985, c. C-17, the Defence Services Pension Continuation Act, 1970, c. D-3, the Royal Canadian Mounted Police Pension Continuation Act , 1970, c. R-10, and the Royal Canadian Mounted Police Superannuation Act, R.S., 1985, c. R-11, the Members of Parliament Retiring Allowances Act, R.S. 1985, c. M-5, and that portion of pension payable to the Canada Pension Plan Act, R.S., 1985, c. C-8.

  • Pension Plan means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by the Borrower or any ERISA Affiliate or to which the Borrower or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five plan years.

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.