Definition of PPA Benefit

  1. PPA Benefit means the benefit under the Retirement Plan effective January 1, 2008 that is based on a cash balance formula providing pay credits and interest credits to a Personal Pension Account.

Examples of PPA Benefit in a sentence

  1. The PPA Benefit offset which is used to calculate the Excess Plan PPA Benefit is also calculated using pay credits earned beginning on the date of participation in this Plan and total years of vesting service.

Definition of PPA Benefit in Retirement Plan

PPA Benefit means the benefit under the Retirement Plan effective January 1, 2008 that is based on a cash balance formula providing pay credits and interest credits to a Personal Pension Account.