Examples of Basic Retirement Benefit in a sentence
E.g., if 10 days prior to the Pre-Trial Conference date falls on Saturday, March 13th, the deadline for mediation to be completed would be Friday, March 12th (not Monday, March 15th).
The amount of such death benefit shall be equal to the greater of two times the Member's base Salary at the time of death, or the actuarial present value of the Basic Retirement Benefit which would have been paid to such Member's Eligible Surviving Spouse as if the Member had retired as of the day immediately preceding the date of such Member's death under a payment option providing a one hundred percent (100%) Survivor Annuity to continue to said Spouse.
Qualified Members who terminated employment on or after December 8, 1989 and prior to September 1, 1990 shall have the option to elect that their Basic Retirement Benefit be adjusted effective September 1, 1990, in accordance with paragraphs 2.
The employee’s Basic Retirement Benefit shall in- crease effective June 1, 2019 by recomputing the Basic Retirement Benefit using a benefit rate of eighty-three dollars ($83).
Furthermore, if a Qualified Member commenced a Basic Retirement Benefit under the Plan on or after December 8, 1989 and prior to September 1, 1990, such Member shall receive a Basic Regular Annual Salary Benefit for the period of such Member's retirement prior to September 1, 1990 under the terms ofsubparagraphs (a), (b) and (c) of this paragraph including any Derivative Benefits pursuant to Section 530.010.J.2. during such period.
The last 26 years have provided new scientific information and understanding, and changes in economic, social, and ecological conditions resulting in a shift in management emphasis from outputs to outcomes.
Basic Retirement Benefits For purposes of calculating a participant’s Basic Retirement Benefit under the EBRP, the offset for the hypothetical annuity benefit payable under the Retirement Share Plan is calculated by first determining the value of each share credited to the participant’s account as of the date it was credited, and then applying an annual rate of 12% to that value from the date the share was credited to the account to the date the participant’s EBRP benefit is scheduled to begin.
The employee’s Basic Retirement Benefit shall in- crease effective June 1, 2020 by recomputing the Basic Retirement Benefit using a benefit rate of eighty-four dollars and fifty cents ($84.50).
When applied to the Basic Retirement Benefit, the Actuarial Equivalent factor for the Single Life Annuity shall be 100%.
Furthermore, any Member so electing to receive an adjusted Basic Retirement Benefit in accordance with paragraphs 2.