Normal Form means a monthly annuity which is one twelfth of the amount of the member’s accrued benefit which is payable for the member’s life. If the member dies before the sum of the payments he or she receives equals his or her accumulated contributions on the annuity starting date, the named beneficiary shall receive in one lump sum the difference between the accumulated contributions at the annuity starting date and the total of the retirement income payments made to the member.

Normal Form or "normal form benefit" means a monthly retirement benefit payable during the

Normal Form or "normal form benefit" means a monthly retirement benefit payable during the lifetime of the retired member.

Examples of Normal Form in a sentence

The offset from a defined contribution plan is the account balance converted to the Normal Form of Benefit payable at Normal Retirement Date (or attained age, if later) using the actuarial assumptions of this Plan.
Normal Form of Pension – the normal form of pension required by applicable legislation for members with a spouse (currently a joint and 60% survivor pension), and for single members, an annuity payable in monthly installments for the member’s lifetime, guaranteed in any event for 120 months.
Forms of Pension Payment Normal Form of Payment Your pension payments start when you retire and are paid for life.
SUMMARY OF BENEFITS Normal Form of Pension and Alternative Elections The Plan provides a normal form of monthly income payable for life and guaranteed for five (5) years after retirement whether the employee lives or dies.
Except as otherwise provided herein, a Participant who retires from the service of the Employer at his Retirement Date shall be entitled to receive a monthly pension in the Normal Form.

More Definitions of Normal Form

Normal Form or "normal form benefit" means a monthly retirement benefit payable only for the

Normal Form means a single life annuity payable for the life of the Participant and ending with the last monthly payment made prior to the Participant’s death.

Normal Form means an unreduced life annuity with 50% spousal survivor annuity.

Normal Form of an Annuity Benefit under this Contract means (i) if the Annuitant has a living spouse at the Retirement Date, the Fixed Annuity Benefit payable on the Joint and Survivor Life Annuity Form with such spouse as the contingent annuitant (with 100% of the monthly payment amount continued to the spouse), and (ii) if the Annuitant does not have a living spouse at the Retirement Date, the Fixed Annuity Benefit payable on the Life Annuity Form.

Normal Form means radioactive material which has not been demonstrated to qualify as “special form”; also referred to as “nonspecial form”.

Normal Form means monthly payments to Executive for his life with the last payment made for the month during which Executive dies and with no death benefits payable to any person.

Normal Form means a lump sum distribution.