Qualified Preretirement Survivor Annuity definition

Qualified Preretirement Survivor Annuity means an annuity which is payable for the life of the Participant's surviving spouse.

Qualified Preretirement Survivor Annuity means an annuity payable for the life of a Participant’s surviving Spouse if the Participant dies prior to his Benefit Payment Date.

Qualified Preretirement Survivor Annuity means the minimum death benefit, if any, described in Section 4.1(D) hereof that may be payable to the spouse of a Participant who dies prior to his Annuity Starting Date.

Examples of Qualified Preretirement Survivor Annuity in a sentence

• The special death benefit is called a Qualified Preretirement Survivor Annuity (QPSA).

• I further understand that if I do not sign this form, I will receive the Qualified Preretirement Survivor Annuity upon the death of my spouse.

• A waiver of a Qualified Joint and Survivor Annuity or a Qualified Preretirement Survivor Annuity.

• However, the annuity is permitted to exceed 100 percent of the periodic annuity payment that would have been payable to the employee to the extent necessary to satisfy the requirement to provide a Qualified Preretirement Survivor Annuity.

• In the case of a Qualified Pre-retirement Survivor Annuity, the Institution shall provide each Participant, within the applicable period for such Participant, a written explanation of the Qualified Pre-retirement Survivor Annuity in such terms and in such manner as would be comparable to the explanation provided for meeting the requirements for notification of a Qualified Joint and Survivor Annuity.

More Definitions of Qualified Preretirement Survivor Annuity

Qualified Preretirement Survivor Annuity means a nontransferable annuity payable for the life of the surviving Spouse, which is the amount of benefit which can be purchased with

Qualified Preretirement Survivor Annuity means a life annuity with installment refund payable to the surviving spouse of a Member who dies before his Annuity Starting Date. A former spouse will be treated as the surviving spouse to the extent provided under a qualified domestic relations order as described in Code Section 414(p).

Qualified Preretirement Survivor Annuity means an immediate annuity for the life of the Participant’s Spouse, the payment under which is equal to 50%, or a greater percentage as elected in Article I, of the sum of the Participant’s Accrued Benefit and any insurance proceeds payable upon death of the Participant; any security interest held by the Plan by reason of an outstanding loan to the Participant shall be taken into account in determining the amount of the Qualified Preretirement Survivor Annuity.

Qualified Preretirement Survivor Annuity means a survivor annuity for the life of the surviving spouse of the Participant equal to the death benefit provided in paragraph (d) of Article VII and that begins within a reasonable time following the death of the Participant.

Qualified Preretirement Survivor Annuity means an annuity purchased with at least 50% of a Participant’s account balance that is payable for the life of a Participant’s surviving spouse.

Qualified Preretirement Survivor Annuity means an annuity purchased with at least 50 percent of a Participant's vested interest in his Account that is payable for the life of a Participant's surviving spouse. The Employer shall specify that portion of a Participant's vested interest in his Account that is to be used to purchase the "qualified preretirement survivor annuity" in Section 1.19 of the Adoption Agreement.

Qualified Preretirement Survivor Annuity means: