Plan 7 member definition

Plan 7 member means a member who on the day before the effective date of this act was a member or vested former member of the former probate judges retirement system, who is not a member of a county retirement plan, and who is under the 3.5% benefit formula provided by section 16(1)(d) of former 1954 PA 165.
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Plan 7 member means a member who on the day before
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Examples of Plan 7 member in a sentence

  • Plan 7 member" means a member who on the day before the effective date of this act was a member or vested former member of the former probate judges retirement system, who is not a member of a county retirement plan, and who is under the 3.5% benefit formula provided by section 16(1)(d) of former 1954 PA 165.

  • By locally modifying the mechanical properties of the gold film, we dem- onstrate high quality wrinkle patterns with various configura- tions.

  • Plan 7 member contribution rates are required to be equal to 50% of the Gross Normal Cost Rate of the respective plans.Exhibit 1b includes a summary of recommended member contribution rates.

  • The recommended Plan 7 member rate is slightly less than the rate currently being paid by all classes of members except SMCM&VCD, where there is an increase of 0.20% of pay.

  • Note that this is the first valuation for which General Plan 7 member contribution rates were calculated.

  • Plan 7 member contribution rates are adjusted to be equal to 50% of the Gross Normal Cost Rate calculated in the valuation.

  • The Owner and every purchaser, lessee, assignee or transferee of an interest in the Subject Property, or any portion thereof, shall be obligated and bound by the terms and conditions of this Agreement, and shall be the beneficiary thereof and a party thereto, but only with respect to the Subject Property, or such portion thereof, sold, leased, assigned or transferred to it.

  • Plan 7 member rates are calculated annually to be equal to 50% of the Gross Normal Cost.

Related to Plan 7 member

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

  • Executive Member means any elected member of the authority appointed to the executive of that authority;

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

  • Life Member means an Individual appointed as a Life Member of the Club under clause 5.2.

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

  • Team Member means an individual who is allowed to access the Cloud Service but is only granted membership in groups associated with “Team Member” permissions for the Cloud Service.2

  • Service member means a member of the armed forces, a reserve branch of the armed forces, or the Michigan national guard.

  • lay member means a member of the Authority, who is not, nor has been:

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

  • 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.

  • Inactive member means a member of the pension program or the individual account pro-

  • ☐ - MULTI-MEMBER The “Capital Account” for each Member shall mean the account created and maintained for the Member in accordance with Section 704(b) of the Internal Revenue Code and Treasury Regulation Section 1.704-1(b)(2)(iv).

  • Unit Holder means the owner of one or more Units.

  • Staff member means a staff member as defined in section 1(1) of the Public Service Act, 1995 (Act No. 13 of 1995);

  • Scheme Member means an Eligible Person who is included in the Scheme as per the Scheme rules as member of that Scheme.

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.

  • Teaching staff member means an employee who holds a position for which a certificate issued by the New Jersey State Board of Examiners is required.

  • county executive committee member means the county executive committee member responsible for matters relating to land;

  • Eligible Member means an employee who is enrolled in one of the designated benefits plans for which you offer participation in the wellness incentive program prior to the end of the first six months of the policy year and who remains enrolled in one of the designated benefits plans at the end of the policy year. Eligible Member also means the employee’s dependents to the extent that dependents are eligible to participate in the Blue Cross and Blue Shield wellness incentive program.) To qualify for a group wellness incentive award, you must meet the following program participation conditions: • You are a group eligible to offer the program as determined by Blue Cross and Blue Shield; and • You elect to offer the Blue Cross and Blue Shield wellness incentive program to your Members who are eligible to participate in the program at the start of your policy year and you continue the program for eligible Members through the end of the policy year; and • At least 20% of your Members who are eligible for the program must participate in the program during the policy year in which you offer the wellness incentive program; and • This Agreement is not be terminated before the end of the policy year in which you offer the wellness incentive program. When you offer a Blue Cross and Blue Shield wellness incentive program, Blue Cross and Blue Shield will determine if you qualify for a group incentive award within 90 days after the end of the policy year. Your group wellness incentive award will be calculated as a percentage of the total medical insurance premium you paid for the policy year for benefits plans for which you offer wellness incentive program participation, excluding any premium payments that are received by Blue Cross and Blue Shield after the end of the policy year. The percentage used to calculate your wellness incentive award will vary depending on how many of your eligible Members participate in the program during the policy year as follows: 1.25% when 20% to 49% of eligible Members participate; or 2.5% when 50% to 79% of eligible Members participate; or 7.5% when 80% to 100% of eligible Members participate. For the purpose of calculating your group wellness incentive award, an eligible Member who earns his or her individual maximum member wellness incentive payment in the policy year is considered to have participated in the program for that policy year. If you qualify for a group incentive award, Blue Cross and Blue Shield will issue the incentive amount to you (by means of a credit and/or a check) once the incentive amount has been calculated. You are solely responsible for determining whether you have any obligation to distribute all or part of your group wellness incentive award to your employees, or to credit a portion of your group wellness incentive award toward their benefits, or otherwise to notify them of your group wellness incentive award. You agree to indemnify and hold Blue Cross and Blue Shield harmless from any and all actions that may be brought against you or Blue Cross and Blue Shield due to your failure to provide any required distribution of, credit, or notification about, your group wellness incentive award to your employees.

  • Unit Member refers to any employee who is included in the certificated employees' bargaining unit and, therefore, covered by the terms and provisions of this Agreement.

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

  • Committee Member means a member of the Committee.

  • Bank Member means Standard Chartered PLC or any of its Affiliates and "Group" means all Bank Members.

  • Full Member means any person who is in one of the categories of membership referred to in Rule 10.3.

  • A Member means a companion, fellow, member, honorary member, associate or affiliate of the Society

  • Member contribution means a contribution under regulation 32;