Benefit Adjustment. At the time of any Hardship Distribution, the amount the Company has accrued with respect to the Company’s obligations hereunder shall be reduced by the amount of the Hardship Distribution and the benefits to be paid under Sections 2.1, 2.2, 2.3 or 2.4 or Article 3 hereof shall reflect such reduced amount.
Benefit Adjustment. If the University determines that any benefit paid under the plan should not have been paid or should have been paid in a lesser amount, the amount of overpayment will be recovered from any subsequent benefit payable under the plan, or by making a deduction from any future monies payable by the University to the Employee.
Benefit Adjustment. If costs of unit member medical, dental, vision, life, and long-term disability insurance exceed the District contribution, then the JBC will adjust the benefit program to fall within the amount of the District contribution including accumulated insurance fund reserves or assess unit members the excess cost. If the JBC is unable to reach consensus on how to cover the difference between the insurance premium and the amount of the District contribution as required by this Section, then the Association and District JBC representatives shall each make a proposal for covering this difference using either benefit program changes, available JBC reserves, and/or unit member out-of-pocket contribution or a combination thereof.
Benefit Adjustment. If NSCAD University determines that any benefit paid under the plan should not have been paid or should have been paid in a lesser amount, the amount of overpayment will be recovered from any subsequent benefit payable under the plan, or by making a deduction from any future moneys payable by NSCAD University to the employee.
Benefit Adjustment. At the time of any Hardship Distribution, the vested Annual Benefit shall be reduced by the amount of the Hardship Distribution and the benefits to be paid under Articles 3, 4, 5 or 6 hereof shall reflect such reduced amount.
Benefit Adjustment. If the Employer determines that any benefit paid under the plan should not have been paid or should have been paid in a lesser amount, the amount of overpayment will be recovered from any subsequent benefit payable under the plan, or by making a deduction from any future monies payable by the Employer to the employee.
Benefit Adjustment. Benefit payments may be increased as provided in Section 2.1.3.
Benefit Adjustment. (a) The following non-contributory benefits will be adjusted on a monthly basis where leave of absence without pay is thirty (30) or more continuous days:
Benefit Adjustment. The parties acknowledge that the Florida Legislature will likely consider changes in state laws affecting the City police pension plan during the term of this Agreement. Should such legislation be enacted or agency action implementing legislation be taken while this Agreement is in effect (including any time periods after contract expiration but prior to a successor agreement becoming effective), regardless of the effective date of the legislation, or if there is an administrative or court decision interpreting such legislation, and if the legislation, agency action or decision results in an increase in required employer contributions to the pension fund, the parties agree that the incremental benefit resulting from the plan change in Section 34.5(a), above, shall be adjusted to offset the increased employer contributions resulting from the state legislation. For the purpose of this Section, any increase in employer contributions to the pension fund resulting from state legislation, agency action or decision shall be determined by the plan actuary and approved by the City actuary. In the event the plan actuary and City actuary cannot agree on the amount of the increase in required employer contributions to the pension fund resulting from state legislation, agency action or decision, a third actuary selected by mutual agreement of the plan actuary and City actuary shall review the two actuary’s positions and make a final determination which shall be binding on all parties. Once the amount of the increased employer contribution resulting from state legislation, agency action or decision is determined, the City shall adjust the incremental benefit resulting from the plan change in Section 34.5(a), above, to produce a decrease in employer contributions equal to the increased employer contribution resulting from state legislation, agency action or decision. Any such adjustment shall be made effective as of the date of the legislation, agency action or decision becomes effective. To the extent the effective date of such legislation, agency action or decision is retroactive, then the adjustment provided in this subsection 34.5(b) shall also be retroactive.
Benefit Adjustment. The allowance calculated using (a), (b) and (c) above, is adjusted (reduced) by the amount of all Active Plan SASMI benefits paid to or on behalf of the Retiree (not Retiree Health Premium Benefits or Service Based HCRA benefits).
