Common use of Benefit Credits Clause in Contracts

Benefit Credits. The Sponsors shall credit the HRA Account of each Participant with a Benefit Credit in the amount of $1800 on the first day of each Plan Year. The Benefit Credit to be made on behalf of a Participant who is an Eligible Dependent shall be made to the combined HRA Account of the Eligible Dependent and his or her Eligible Retiree. Upon request, the Plan Administrator may establish a separate HRA Account for the Eligible Dependent of an Eligible Retiree. No earnings shall be credited at any time with respect to any HRA Account.

Appears in 4 contracts

Samples: msa.hanford.gov, hmis.hanford.gov, msa.hanford.gov

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