Examples of Preretirement Death Benefit in a sentence
Pre-retirement Death Benefit The benefits payable on or after the death of a member before retirement are guaranteed to be at least equal to the member’s contributions with interest.
Preretirement Death Benefit (1) Refund of contributions with interest.
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Notwithstanding any other provision of law, contributions to support the Preretirement Death Benefit Program must be made by participating employers to a separate account.
The benefit under this Section 2.5 is the Pre-retirement Death Benefit amount set forth on Schedule A for the Plan Year ended immediately prior to the date on which the Separation from Service due to death occurs.
Preretirement Death Benefit Program; post‑retirement death benefit payment.
Upon the Executive's Death, the Company shall pay the Preretirement Death Benefit to the Executive's Beneficiary in the form of the Actuarial Equivalent form of equal monthly installments over a 20-year term commencing as of the first day of the month following date of the Executive's Death.
If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's Beneficiary the "Preretirement Death Benefit" described in this Section 3.1 in lieu of any other benefit under this Agreement.
The Preretirement Death Benefit shall be determined by assuming the Participant did not elect any optional form of payment under the A&B Retirement Plan.
Pre-retirement Death Benefit In the event of the death of a Member before retirement, there shall be paid to the estate of the Member a sum equal to the total of these additional contributions received with accumulated interest.