Survivorship benefit definition

Survivorship benefit means payments for life to the statutory or designated beneficiary of a
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Survivorship benefit means the monthly benefit paid to the surviving spouse or dependent child
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Survivorship benefit means payments for life to the statutory or designated beneficiary of a deceased member who died while in service under a defined benefit retirement plan.
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Examples of Survivorship benefit in a sentence

  • Notwithstanding any provision to the contrary, when the Bank has paid a Survivorship benefit under any section of the Agreement, the Bank has completed its obligation to the Executive.

  • The Survivorship benefit is paid to a member’s next of kin upon their death, this also includes a death gratuity which is a lump-sum equal to a member’s annual pensionable income; a member has to have contributions for at least 10 years for their spouse to be eligible for a pension.

  • Survivorship Benefit Survivorship benefit is a monthly payment made to the dependant (widow and children under 21 years old) of a member at an amount of B$400.00 per month if a member dies before attaining the age of 60 years old.

  • Survivorship benefit claim filed under RA 8291 shall prescribe four (4) years from the date of death of the member or old-age pensioner.

  • In case where is no widow or husband eligible for pension, the share of children may be raised provided that the total does not exceed the maximum Survivorship benefit and no one child gets more than 30%.

  • These costs are included in the unfunded actuarial liabilities of the retirement plan.(50)(51) "Survivorship benefit" means payments for life to the statutory or designated beneficiary of a deceased member who died while in service under a defined benefit retirement plan.

  • Beneficiary and dependent demographic information will be transferred into BenefitConnect from Workday automatically, but you must take action to elect (or re-elect) your desired health plan options, as well as to assign beneficiaries to your Life insurance and Survivorship benefit plans.

  • Survivorship benefit claim filed under PD 1146 shall prescribe ten (10) years from the date of death of the member or old-age pensioner.

  • Survivorship benefit" means payments for life to the statutory or designated beneficiary of a deceased member who died while in service under a defined benefit retirement plan.

  • Survivorship benefit" means the monthly benefit paid to the surviving spouse or dependent child of a deceased member.(18) "Training" means instruction pertaining to firefighting that is supervised by the chief or a designated official.


More Definitions of Survivorship benefit

Survivorship benefit means the monthly benefit paid to the surviving spouse or dependent child of a deceased member.
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Survivorship benefit means payments for life to the statutory or designated beneficiary of a deceased member who died while in service under a retirement system.
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Survivorship benefit means the monthly survivorship benefit payable to a person under section 22;
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Related to Survivorship benefit

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

  • 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.

  • Spouse means, an individual who,

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • Annuitant means a person who receives a retirement allowance or a disability allowance;

  • 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.