Social Security Benefit definition

Social Security Benefit means an amount received by a claimant as a monthly benefit in accordance with the Social Security Act, 42 U.S.C. Sec. 401 et seq.

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Social Security Benefit means the retirement, disability income or death benefits under any plan or arrangement that is sponsored, mandated or administered by any government and that provides or would provide retirement or disability income to the Participant and to which any of the Participant’s employers or former employers (whether or not affiliated with Black & Decker) has made contributions on the Participant’s behalf.

Social Security Benefit means the annual Primary Insurance Amount estimated by the Committee to be payable to the Participant at age 65 under the Federal Social Security Act, provided, however, that:

Examples of Social Security Benefit in a sentence

• Maximum $15,000 per month coordinated with Disability Social Security Benefit.

• The Normal Retirement Benefit under this Section 2.1 is the following monthly amount payable for the life of the Executive: 65% of Final Monthly Compensation minus Social Security Benefit minus Pension Offset.

• For those employees who become disabled after September 1, 1978, the amount of Social Security benefits to be coordinated with the Monthly Indemnity Benefit provided under the Long-Term Disability Plan shall be based upon the Social Security Benefit in effect on the date of the initial disability award.

• Social Security Benefit Garnishes for Non-Payment of School Loans.

• If the Pensioner fails to notify the Trustees of the termination of his Social Security Disability Benefit, he shall automatically be deemed to have recovered from his Disability as of the date of termination of his Social Security Benefit.

More Definitions of Social Security Benefit

Social Security Benefit means a widow allowance, a youth allowance, an Austudy allowance, a newstart allowance, a sickness allowance, a special benefit, a partner allowance, a mature age allowance, a benefit PP (partnered) or a parenting allowance.

Social Security Benefit means 50% of the monthly social security benefit to which the Executive is entitled under the Social Security Act. For purposes of determining the Executive's projected Social Security Benefit, the Company shall estimate the Social Security Benefit from the base pay rate assuming a 4.5% annual salary increase adjustment. For purposes of determining a Disability Benefit under Section 2.3, the Social Security Benefit offset used in the Normal Retirement Benefit formula shall be equal to the Executive's actual disability benefit payment under the Social Security Act due to the Executive's Disability and, if the Executive is not entitled to an actual disability benefit payment under the Social Security Act, the Social Security Benefit offset shall be determined as otherwise provided hereunder.

Social Security Benefit means the amount of Executive's social security benefit that would be payable upon the Executive's attainment of age 65, calculated by the Company's actuary in accordance with reasonable actuarial assumptions.

Social Security Benefit means the maximum annual benefit payable under the Social Security Act, relating to Old-Age and Disability benefits, determined as of a Participant's Normal Retirement Date, or upon his actual retirement date, if later.

Social Security Benefit means the amount of the Participant's anticipated unreduced primary insurance benefit under Title II of the Federal Social Security Act computed on the basis of such Act in effect at Permitted Retirement, and consisting of that annual amount to which the Participant would upon proper application be entitled at Retirement Age irrespective of earnings he may be receiving or might receive in excess of any limit on earnings for full entitlement to such benefit. When used in connection with the computation of a Benefit

Social Security Benefit means ▇▇▇▇▇▇▇▇'▇ actual social security benefit at his Social Security Retirement Age.

Social Security Benefit means one-half of the annual benefit payable under the Social Security Act, relating to Old-Age and Disability benefits, as of the Executive's Normal Retirement Date, or upon actual retirement, if later.