Service benefit definition

Service benefit means the credit toward retirement benefits as determined by the
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Service benefit means the credit toward retirement benefits as determined by the retirement board under the provisions of this chapter.
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Service benefit means a payment that the purveyor has agreed to accept as payment in full for health care furnished the subscriber;
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Examples of Service benefit in a sentence

  • If you need to recertify or renew your Lifeline Service benefit, you understand that you have to respond by the applicable deadline communicated to you or you will be removed from the Lifeline Service program and your Lifeline Service benefit will stop.

  • The Optional Service benefit shall be available to each employee who exercises option prior to May in accordance with the terms of the Agreement effective February Any employee under age wishing to take advantage of the Optional Service benefit must provide the Employer with six (6) months’ notice of intention to retire.

  • The Optional Service benefit shall be available to each employee who exercises her/his option prior to May 1, 1978, in accordance with the terms of the Agreement effective February 1, 1977.

  • Any employee under age 65 wishing to take advantage of the Optional Service benefit must provide the Employer with six (6) months’ notice of her/his intention to retire.

  • The Company will provide a payment equal to the remaining CCWIPP Past Service benefit to be paid to eligible employees prior to February 11, 2021.

  • The Optional Service benefit shall be available to each employee who exercises option prior to May in accordance with the terms of the Agreement effective February Any employee under age wishing to take advantage of the Service benefit must provide the Employer with six (6) months’ notice of intention to retire.

  • If you need to recertify (renew) your Lifeline Service benefit, you understand that you have to respond by the applicable deadline communicated to you or you will be removed from the Lifeline Service program and your Lifeline Service benefit will stop.

  • In order to keep this Service benefit in force during the term, you must maintain the Device in accordance with the service requirements set forth by the manufacturer’s specifications, including cleaning and maintenance.

  • The Killed in Service benefit has been assumed by the Commonwealth of Pennsylvania and the Borough shall no longer provide any benefit for an officer killed-in-service.

  • The City shall provide the Military Service Credit as Public Service benefit (Cal PERS Section 21024).


More Definitions of Service benefit

Service benefit means a health benefit which promises to defray the cost of health services provided to a person insured but which reserves the right to make payments directly to the provider and may reserve the right to negotiate the amount of payment for such services with the provider.
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Service benefit means the benefit determined pursuant to Section 4.02E(a) through (e), as applicable, and payable under the Plan to a Participant who is Service Pension Eligible at the date specified by the relevant provision of this Plan as if the Participant terminated employment as of such date.
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Service benefit means the credit toward retirement benefits as determined by the 27 retirement board under the provisions of this chapter.
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Related to Service benefit

  • Normal Retirement Benefit means an annual benefit equal to One Hundred Fifty Thousand Dollars and No/100 ($150,000.00) per year, payable in accordance with the terms of this Agreement. Beginning on the thirteenth month that the Normal Retirement Benefit is paid, and continuing thereafter until paid in full, the Normal Retirement Benefit shall be increased annually by three percent (3%) from the previous year’s Normal Retirement Benefit amount to account for cost of living increases.

  • Retirement Benefit means the benefit set forth in Article 5.

  • 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.

  • Severance Benefit means the payment of severance compensation as provided in Article III.

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

  • Termination Benefit means the benefit set forth in Article 7.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

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

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • 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.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Disability Support Pension means the Commonwealth pension scheme to provide income security for persons with a disability as provided under the Social Security Act 1991, as amended from time to time, or any successor to that scheme.

  • Disability Benefit means the benefit set forth in Article 8.

  • 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.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • relevant benefit means any benefit specified in paragraph 21(2); and

  • 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.

  • Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.

  • Change in Control Benefit means the benefit described in Section 2.4.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Retirement Eligible means that the Participant has either attained age 55 and completed ten (10) years of Service as an Employee or attained age 60 and completed five (5) years of Service as an Employee.

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • Retirement Eligibility means attainment of age 60 and completion of at least five (5) years of continuous service with the Company.

  • Credited Service means the member's total period of service