Last Monthly Benefit definition

Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.
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Last Monthly Benefit means the gross Monthly Benefit payable to you prior to your death without any reduction for earnings received from employment.
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Last Monthly Benefit means the net Monthly Benefit payable to you prior to your death.
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Examples of Last Monthly Benefit in a sentence

  • The lump sum benefit will be an amount equal to three times your Last Monthly Benefit.

  • The benefit will be equal to three times the Insured Employee's Last Monthly Benefit.

  • The lump sum benefit will be an amount equal to three times the Covered Person's Last Monthly Benefit.

  • The lump sum benefit will be an amount equal to six times your Last Monthly Benefit.

  • The lump sum benefit will be an amount equal to three times the Covered Person’s Last Monthly Benefit.

  • The lump sum benefit will be an amount equal to three times the Covered Person's Last Monthly Benefit, but not more than $500.

  • On 5 September 2011 the Mayor considered planning report PDU/ 1336/ 01 , and subsequently advised Greenwich Council that the application did not comply with the London Plan, for the reasons set out in paragraph 85 of the above-mentioned report; but that the possible remedies set out in paragraph 87 of that report could address these deficiencies.

  • The benefit will be equal to [3] times Your Last Monthly Benefit.

  • The benefit will be equal to six times the Insured Employee's Last Monthly Benefit.

  • The lump sum benefit will be an amount equal to six times the Covered Person's Last Monthly Benefit.


More Definitions of Last Monthly Benefit

Last Monthly Benefit means the gross Monthly Benefit payable to the Covered Person prior to his death without any reduction for earnings received from employment.
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Last Monthly Benefit means the monthly benefit paid to you immediately prior to your death but not including any reduction for wages earned while in rehabilitative employment.
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Last Monthly Benefit means the Gross Monthly Benefit payable to you immediately prior to death. Any reductions for Other Income Benefits, or for earnings you received for Partial Disability Employment, will not apply.
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Last Monthly Benefit means the Monthly Benefit paid to you immediately prior to your death but not including any reduction for earnings.
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Last Monthly Benefit means the Monthly Benefit paid to the Covered Person immediately prior to his death without any reduction for earnings received from employment.
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Last Monthly Benefit means the Monthly Benefit paid to you immediately prior to your death without any reduction for earnings received from service.
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Related to Last Monthly Benefit

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • 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.

  • Actuarial equivalent means a benefit of equal value when