Preretirement Survivor Benefit definition

Preretirement Survivor Benefit means, in the case of a Participant who dies prior to a Termination of Employment and not during a Disability, the Participant's SERP Benefit as of the date of death (which becomes Vested upon death) that is payable to such Participant's Beneficiary, in accordance with Section 4.1(c).
Sample 1Sample 2Sample 3
Preretirement Survivor Benefit means lump sum or periodic benefits paid by a plan to a beneficiary when a member dies before the pension matures;
Sample 1Sample 2Sample 3
Preretirement Survivor Benefit means the benefit set forth in Article 6.
Sample 1Sample 2Sample 3

Examples of Preretirement Survivor Benefit in a sentence

  • A Participant, in connection with his or her commencement of participation in the Plan, shall elect on an Election Form to receive the Preretirement Survivor Benefit in a lump sum or pursuant to an Annual Installment Method of 5, 10 or 15 years.

  • Instructions for Beneficiary Designation Form Preretirement Survivor Benefit The Church Pension Fund Clergy Pension Plan About the Preretirement Survivor Benefit If you die prior to retirement and meet the eligibility requirements under plan referenced above, the preretirement survivor benefit may be payable to your designated beneficiaries, but only if they are eligible beneficiaries.

  • A Surviving Spouse or Alternate Beneficiary who is entitled to a Preretirement Survivor Annuity or a Preretirement Survivor Benefit under the Pension Plan shall receive a benefit payment under this Plan in the form of a lump sum equal to an amount determined under Section 5 and payable within 60 days after the participant’s death.

  • You may also designate an additional non-spouse contingent beneficiary to receive your Preretirement Survivor Ben- efit in the event your spouse or non-spouse beneficiary predeceases you prior to your retirement date.Participants who are single, widowed, or divorced and have not married/remarried may designate up to two beneficiaries and a contingent beneficiary who will receive the entire Preretirement Survivor Benefit if both of your designated beneficiaries prede- cease you.

  • Your spouse must also complete a Form 4: Spouse’s Waiver of Preretirement Survivor Benefit, which must be submitted to the pension plan and filed to be valid.

  • The smaller coverage of register data from 2010 (compared with, e.g., 2004 and 2007) may, to some extent, be explained by the lag-time in the register data obtainability.

  • Lump Sum Death BenefitIf you are in active employment but not Vested at the time of your death, or you are Vested but do not have a spouse, or you and your spouse have properly waived the Pre-retirement Survivor Benefit, the following Lump Sum Death Benefits will be paid to your beneficiary.

  • But my goal isn’t just to show how contextualists can solve these two problems.

  • The Preretirement Survivor Benefit under 5.8 may be paid as a lump sum.

  • If a Participant does not make any election with respect to the payment of the Preretirement Survivor Benefit, then such benefit shall be payable pursuant to an Annual Installment Method of 15 years.


More Definitions of Preretirement Survivor Benefit

Preretirement Survivor Benefit means with respect to Employee, the amount designated by the Board and listed on Exhibit "A" to this Agreement to which Employee's Beneficiary will be entitled in the event Employee dies prior to terminating employment with the Company. A Preretirement Survivor Benefit will be payable in accordance with Section 3.3.
Sample 1Sample 2
Preretirement Survivor Benefit means a benefit that is the Actuarial Equivalent of the Participant's Vested SERP Benefit as of the date of such Participant's death and that is payable monthly to such Participant's Beneficiary in the form of a 20-year installment benefit.
Sample 1
Preretirement Survivor Benefit means with respect to any Employee, the amount designated by the Board and listed on Exhibit "A" to the Plan to which the Employee's Beneficiary will be entitled in the event an Employee dies prior to terminating employment with the Company. A Preretirement Survivor Benefit will be payable in accordance with Section 4.3.
Sample 1

Related to Preretirement Survivor Benefit

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Qualified Preretirement Survivor Annuity means an annuity which is payable for the life of the Participant's surviving spouse.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Joint and Survivor Annuity means an immediate annuity for the life of a Participant with a survivor annuity for the life of the Participant's Spouse which is not less than fifty percent (50%), nor more than one hundred percent (100%) of the amount of the annuity payable during the joint lives of the Participant and the Participant's Spouse which can be purchased with the Participant's Vested interest in the Plan reduced by any outstanding loan balances pursuant to Section 7.4.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Qualified Joint and Survivor Annuity means an immediate annuity for the life of a Participant, with a survivor annuity for the life of the spouse which is not less than 50% and not more than 100% of the amount of the annuity which is payable during the joint lives of the Participant and the spouse, and which is the amount of benefit that can be purchased with the Participant's Vested Account Balance. The percentage of the survivor annuity under the Plan shall be 50%.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Annuity Benefit means a benefit payable by us as described in Part VII.

  • Disability Benefit means the benefit set forth in Article 8.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Termination Benefit means the benefit set forth in Article 7.

  • Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works.

  • life annuity means an annuity payable under a policy issued to an SRS member for a term ending with, or at a time ascertainable only by reference to, the end of his life;

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Actuarial equivalent means a benefit of equal value when

  • Single Life Annuity means an annuity payable for the life of a Participant.

  • Eligible Spouse means a spouse of an Eligible Retiree who satisfies the requirements for eligibility described in the Eligibility section of this document, or an ex-spouse who is an Eligible Spouse with rights to coverage as an Eligible Spouse pursuant to a court order recognized by SHARP. A Spouse must be married to retiree at least one year prior to the effective date of retirement. A Spouse married after the retiree’s effective retirement date is considered a non-eligible spouse for purposes of the Plan. [See “Spouse”]

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—