Qualified Preretirement Survivor Annuity definition

Qualified Preretirement Survivor Annuity means an annuity purchased with at least 50 percent of a Participant’s vested interest in his Account that is payable for the life of a Participant’s surviving Spouse. The Employer shall specify that portion of a Participant’s vested interest in his Account that is to be used to purchase the “qualified preretirement survivor annuity” in the Forms of Payment Addendum to the Adoption Agreement.

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

Qualified Preretirement Survivor Annuity means the minimum death benefit, if any, described in Section 4.1(D) hereof that may be payable to the spouse of a Participant who dies prior to his Annuity Starting Date.

Examples of Qualified Preretirement Survivor Annuity in a sentence

• Before a death benefit will be paid on account of the death of a Participant who does not have a spouse who is entitled to a Qualified Preretirement Survivor Annuity, it must be established to the satisfaction of a plan representative that the Participant does not have such a spouse.

• In lieu of the Qualified Preretirement Survivor Annuity described in Section 8.2, the spouse may, for his own benefit, waive the Qualified Preretirement Survivor Annuity by electing to have the benefit distributed under any of the optional forms of death benefit available under Section 8.3.

• A Participant’s election to waive the Qualified Preretirement Survivor Annuity that is made before the first day of the Plan Year in which he reaches age 35 shall become invalid on such date.

• The Plan Administrator shall furnish to the Participant a written explanation of the following: the terms and conditions of the Qualified Preretirement Survivor Annuity; the Participant’s right to make, and the effect of, an election to waive the Qualified Preretirement Survivor Annuity; the rights of the Participant’s spouse; and the right to revoke an election and the effect of such a revocation.

• If the Participant’s Vested Account exceeds $5,000, any benefit that is (A) immediately distributable or (B) payable in a form other than a Qualified Joint and Survivor Annuity or a Qualified Preretirement Survivor Annuity, requires the consent of the Participant and the Participant’s spouse (or where either the Participant or the spouse has died, the survivor).

More Definitions of Qualified Preretirement Survivor Annuity

Qualified Preretirement Survivor Annuity means an annuity payable for the life of a Participant’s surviving spouse if the Participant dies prior to his Benefit Payment Date.

Qualified Preretirement Survivor Annuity means a nontransferable annuity payable for the life of the surviving Spouse, which is the amount of benefit which can be purchased with

Qualified Preretirement Survivor Annuity means a life annuity with installment refund payable to the surviving spouse of a Member who dies before his Annuity Starting Date. A former spouse will be treated as the surviving spouse to the extent provided under a qualified domestic relations order as described in Code Section 414(p).

Qualified Preretirement Survivor Annuity means an immediate annuity for the life of the Participant’s Spouse, the payment under which is equal to 50%, or a greater percentage as elected in Article I, of the sum of the Participant’s Accrued Benefit and any insurance proceeds payable upon death of the Participant; any security interest held by the Plan by reason of an outstanding loan to the Participant shall be taken into account in determining the amount of the Qualified Preretirement Survivor Annuity.

Qualified Preretirement Survivor Annuity means an annuity purchased with at least 50% of a Participant's account balance that is payable for the life of a Participant's surviving spouse.

Qualified Preretirement Survivor Annuity means a survivor annuity for the life of the surviving spouse of the Participant equal to the death benefit provided in paragraph (d) of Article VII and that begins within a reasonable time following the death of the Participant.

Qualified Preretirement Survivor Annuity means: