Surviving spouse benefit definition

Surviving spouse benefit means (1) a benefit a surviving spouse may be eligible for under the laws and bylaws of the pension plan if the employee dies before retirement, or (2) a benefit selected for or available to a surviving spouse under the laws and bylaws of the pension plan upon the death of the employee after retirement.
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Surviving spouse benefit means, except as otherwise provided in Section 2.3(d), the survivor annuity payable to the Surviving Spouse determined as if the Participant had retired on the later of the day prior to his death or on the date of his earliest retirement age (having survived to such date), with an immediate joint and 75% survivor annuity. A Surviving Spouse Benefit shall be determined in the form of a single life annuity (based on such 75% survivor annuity) for the life of the Surviving Spouse commencing on the later of the Participant’s date of death or earliest retirement age. Earliest retirement age shall have the same meaning as under the Retirement Plan.
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Surviving spouse benefit means (1) a benefit a surviving spouse may be eligible for under the laws and bylaws of the pension plan if the employee dies before retirement, or (2) a benefit selected for or available
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Examples of Surviving spouse benefit in a sentence

  • Surviving spouse benefit" means (1) a benefit a surviving spouse may be eligible for under the laws and bylaws of the pension plan if the employee dies before retirement, or (2) a benefit selected for or available to a surviving spouse under the laws and bylaws of the pension plan upon the death of the employee after retirement.Sec.

  • Surviving spouse benefit" means (1) a benefit a surviving spouse may be eligible for under the laws and bylaws of the pension plan if the employee dies before retirement, or (2) a benefit selected for or available to a surviving spouse under the laws and bylaws of the pension plan upon the death of the employee after retirement.‌‌ History: 1987 c 157 s 18; 1988 c 668 s 21; 1994 c 386 s 1518.582 PROCEDURE FOR VALUING PENSION BENEFITS OR RIGHTS.Subdivision 1.

  • Surviving spouse benefit" means (1) a benefit a surviving spouse may be eligible for under the laws and bylaws of the pension plan if the employee dies before retirement, or (2) a benefit selected for or available to a surviving spouse under the laws and bylaws of the pension plan upon the death of the employee after retirement.

  • Surviving spouse benefit payments shall be paid for each month commencing with the month of death of the fully insured spouse and ending with the month preceding the month in which the surviving spouse dies or remarries.

  • Subsidies available to a portion of membership may lead to demands for higher benefits to others.• Surviving spouse benefit.

  • Treated as retirement or termination, depending on age and service at termination.Death Surviving spouse benefit Age/Service requirement Amount Benefit increases Death while active, or after termination if service requirements for a normal retirement benefit is met but payments have not begun.Survivor payments of 50% of the retirement benefit of the member assuming the member had attained normal retirement age and had a minimum of eight years of service.

  • ARTICLE 4Mandatory Joint and Survivor Benefit Form Section1 Surviving spouse benefit.

  • Surviving spouse benefit" means (1) a benefit a surviving spouse may be eligible for under the laws and bylaws of the pension plan if the employee dies before retirement, or (2) a benefit selected for or availableto a surviving spouse under the laws and bylaws of the pension plan upon the death of the employee after retirement.

  • Surviving spouse benefit: In the event of the death, whether before or after retirement, of a Member who is survived by a "spouse" (as defined herein) such spouse shall be entitled to a surviving spouse pension.


More Definitions of Surviving spouse benefit

Surviving spouse benefit means that upon the death of the Participant before his or her Annuity Starting Date, the Participant’s Plan Benefit shall become payable to his or her Spouse as a single life annuity unless the Spouse has consented to a different Beneficiary pursuant to Section 5(c) or the Spouse chooses a different form of payment pursuant to Section 5(d).
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Surviving spouse benefit means the benefit payable to a Surviving Spouse pursuant to the Plan.
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Related to Surviving spouse benefit

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

  • 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.

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

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • Actuarial equivalent means a benefit of equal value when