Benefit Level means the total annual amount of support service funds for which an individual is eligible. The benefit level includes the basic benefit and any exceptions to the basic benefit financial limits.
Benefit Level means 50%.
Benefit Level means that level of Benefits (Death and Retirement) which is made available by the Bank to the Participant for computation of Retirement and Death Benefits pursuant to the terms and conditions of the Plan.
Examples of Benefit Level in a sentence
Those elections will determine the Benefit Level through Advantage.
The health coverage portion of the State Employee Group Insurance Program is provided through the Minnesota Advantage Health Plan (Advantage), a self-insured health plan offering four (4) Benefit Level options.
If a national preferred provider is not available in their area, services will be covered at Benefit Level Two through any other provider available in their area.
The primary care clinics available through each plan administrator are assigned a Benefit Level.
If these individuals use the plan administrator’s national preferred provider organization in their area, services will be covered at Benefit Level Two.
More Definitions of Benefit Level
Benefit Level means the total annual amount of support service funds for which an individual whose entry into support services occurred prior to October 1, 2013,is eligible. The benefit level includes the basic benefit and any exceptions to the basic benefit financial limits.
Benefit Level means the dollar amount of monthly pension corresponding to a given Contribution Rate in accor- dance with Section 4.26.
Benefit Level means the P-EBT benefit amount provided to an eligible child based on the school's reported meal service to the ma- jority of students enrolled in the school for the majority of the month;
Benefit Level means one hundred percent (100%) of the Executive’s then Current Compensation.
Benefit Level means the amount upon which the monthly pension benefits is calculated: with respect to benefits first payable commencing on or after December 1, 2003, on account of retirements and breaks in Accredited Service occurring on or after December 1, 2003, and total and permanent disability pensions, payments for which commence on or after December 1, 2003, the Benefit Level is determined from the following schedule (except that Benefit Level for any deferred vested retirement pension shall continue to be determined from the following schedule after December 1, 2003): Job Class Benefit P&M (Hourly) Level 1 $40.05 2 $40.75 3 $41.40 4 $42.05 5 $42.75 The Benefit Level applicable to a deferred vested retirement pension shall be the Benefit Level in effect on the date when the employee incurs a break in Accredited Service or otherwise becomes eligible for the deferred vested retirement pension, and such Benefit Level shall not be increased thereafter. With respect to benefits first payable commencing on or after December 1, 1991, on account of retirements and breaks in Accredited Service occurring on or after December 1, 1991, and total and permanent disability pensions, payments for which commence on and after December 1, 1991, an employee’s Benefit Level shall be determined by the highest Job Class in which he worked 1,000 or more hours (including hours for which he received vacation pay) in any 12 consecutive months during the 120 months (excluding any months prior to January 1974) immediately preceding his date of retirement or date of commencement of pension payments for his total and permanent disability (or, in calculating a deferred vested retirement pension, the date of termination of his employment as a result of a plant closing or the date of expiration of two years without recall after layoff or two years of a continuous period of absence from work because of physical disability). In the event an employee shall not have worked 1,000 hours in a single Job Class as set forth above, his Benefit Level shall be determined by the Job Class in which he worked the highest number of hours (including hours for which he received vacation pay) during the 120 months, excluding any months prior to January, 1974, in which he shall have worked immediately preceding such separation date.
Benefit Level means the level of benefit for which a Participant is eligible (e.g., the Gold Plan, Silver Plan, Bronze Plan or Steel Plan). It is described in greater detail in Article II, Section 1.