Supplemental Retirement Allowance definition

Supplemental Retirement Allowance means the benefit determined under Article II, A hereof and payable at the time and in the manner set forth in Article II, D, provided, however, that, except as otherwise required by Article II, A(1) or Article II, D(3) of the Plan, payment to a Retired Participant in any form shall be the Actuarial Equivalent of a Supplemental Retirement Allowance expressed as a benefit payable in equal monthly payments during a twelve (12) month period for the life of the Retired Participant commencing at the Retired Participant's Normal Retirement Age.
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Supplemental Retirement Allowance means the benefit referred to in Plan Section 4.
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Examples of Supplemental Retirement Allowance in a sentence

  • The Supplemental Retirement Allowance would be payable for the Eligi- ble Recipient's lifetime, and payable, at 50% of the Eligible Recipi- ent's Supplemental Retirement Allowance rate, for the lifetime of an Eligible Recipient's surviving spouse who is eligible to receive a life- time retirement allowance benefit under an existing option election.

  • The Supplemental Retirement Allowance would be in lieu of any other retirement benefit provided for military service.

  • IMPACT ON BENEFITS PAYABLE: With respect to NYCRS Eligible Recipients, the Supplemental Retirement Allowance would be payable as of the next retirement allowance payment following 30 days from filing an applica- tion for such benefit.

  • The annual Supplemental Retirement Allowance would be equal to the retirement allowance of the Eligible Recipient (computed without optional modification, without certain annuities derived from voluntary contributions and not to exceed $15,000) multiplied by 0.25% for each month of qualifying military service (not to exceed 36 months).

  • For purposes of this Fiscal Note, it is assumed that the Supplemental Retirement Allowance is provided without cost to Eligible Recipients.

  • The proposed legislation would amend Retirement and Social Security Law (RSSL) Section 1000 by adding a new subdivision 8-a to allow eligible retirees who retired from a public retirement system within the State prior to May 31, 2016, and who would have had qualify- ing military service had they been active members, to apply for a prospective supplemental military retirement allowance (Supplemental Retirement Allowance).

  • That is, 2% of the pensionable salary over and above the pensionable amount up to the Canada Pension Plan maximum; but this also includes the Supplemental Retirement Allowance.

  • On the one hand, there is the ecological aspect where special attention is given to biodiversity, water quality, Natura 2000, erosion-reduction and environmental and climate-friendly farming practices.

  • Son olarak 6663 sayılı Gelir Vergisi Kanunu ile Bazı Kanunlarda Değişiklik Yapılmasına Dair Kanun (RG., 10.02.2016, S.

  • The name of each Participant and the Supplemental Retirement Allowance awarded to him pursuant to Subparagraph (1) above shall be set forth in Appendix I to the Plan.

Related to Supplemental Retirement Allowance

  • Retirement allowance means the retirement payments to which a member is entitled.

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

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • Supplemental Retirement Income Benefit means an annual amount (before taking into account federal and state income taxes), payable in monthly installments throughout the Payout Period. Such benefit is projected pursuant to the Agreement for the purpose of determining the Contributions to be made to the Retirement Income Trust Fund (or Phantom Contributions to be recorded in the Accrued Benefit Account). The annual Contributions and Phantom Contributions have been actuarially determined, using the assumptions set forth in Exhibit A, in order to fund for the projected Supplemental Retirement Income Benefit. The Supplemental Retirement Income Benefit for which Contributions (or Phantom Contributions) are being made (or recorded) is set forth in Exhibit A.

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

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

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

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

  • Normal Retirement Benefit means an annual benefit equal to One Hundred Fifty Thousand Dollars and No/100 ($150,000.00) per year, payable in accordance with the terms of this Agreement. Beginning on the thirteenth month that the Normal Retirement Benefit is paid, and continuing thereafter until paid in full, the Normal Retirement Benefit shall be increased annually by three percent (3%) from the previous year’s Normal Retirement Benefit amount to account for cost of living increases.

  • converted employment and support allowance means an employment and support allowance which is not income-related and to which a person is entitled as a result of a conversion decision within the meaning of the Employment and Support Allowance (Existing Awards) Regulations 2008;

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

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

  • disability living allowance means a disability living allowance under section 71 of the SSCBA;

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • 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.

  • retirement annuity contract means a contract or scheme approved under Chapter III of Part XIV of the Income and Corporation Taxes Act 1988;

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • 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;

  • Special Retirement means an Optionee’s termination of employment or service with the Employers and Affiliates on or after the later of (i) the Optionee’s attainment of age 62 and (ii) the Optionee’s Early Retirement Date or Normal Retirement Date, as such terms are defined in the Telephone and Data Systems, Inc. Pension Plan.

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Late Retirement Date means the first day of the month coinciding with or next following a Participant's actual Retirement Date after having reached his Normal Retirement Date.

  • Disability allowance means monthly payments during

  • income-related employment and support allowance means an income-related allowance under Part 1 of the Welfare Reform Act 2007;

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

  • 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.