Definition of Policy Earnings


Policy Earnings means, for each Plan Year, the after-tax income of a Participant's Policy with respect to such Plan Year as defined by FASB Technical Bulletin 85-4, applied as though the Policy were purchased on the Effective Date.
Sample 1

Examples of Policy Earnings in a sentence

Non-MTW Policy: Earnings in excess of $480 for each full-time student 18 years old or older (excluding the head of household, co-head and spouse will be excluded.
Administrative Plan: INCOME AND ADJUSTED INCOME 8-6 Board Approved: June 15, 2017 Non-MTW Policy: Earnings in excess of $480 for each full-time student 18 years old or older (excluding the head of household, co-head and spouse will be excluded.
Administrative Plan: INCOME AND ADJUSTED INCOME 8-6 Draft Revision for Public Comment: May 2017 Non-MTW Policy: Earnings in excess of $480 for each full-time student 18 years old or older (excluding the head of household, co-head and spouse will be excluded.