Plan Members Sample Clauses

Plan Members. Termination

Plan Members. Payer represents to Synetic that, as of November 30, 1998, Payer provides medical health insurance benefits to at least 1,640,000 plan members.

Plan Members. This Letter of Agreement applies to the following FSAs in the Defined Benefit Pension Plan who are entitled to benefits as a result of the June 2018 arbitration award: Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxxxx Xxxxxx Xxxxxxx Xxxxxx Xxxxx Xxxxx Xxxxxx Xxxxxx Xxxx Xxxx Xxxxx Xxxx Xxxxxxxx Xxxx Xxxxxxx Xxxxxxx Xxxx Xxxxxx Xxxxxxx Shalaume Xxxxxx Xxxxx XxXxxxx Xxxxxxxx Xxxxxx Xxxx Xxxxxxxx Xxxxx X. Xxxxxx For FSAs who work more than five years from January 1 2018 (the date upon which pension contributions were adjusted and remitted based on the higher rate of pay), there would be no negative impact to pension income because pension income is based on the best five of 10 years’ income. As a result, FSAs will not be required to pay increased pension contributions for the retroactive period, nor will the Employer contributions be retroactively adjusted. For FSAs (age 55 and up) in the DB plan who have retired or who choose to retire between January 1 2018 and December 31 2022, the Employer will work with Morneau Shepell to determine the impact to that individual’s pension income, and the Employer will provide the equivalent amount in an RRSP. This amount will be actuarially calculated to ensure accuracy and to keep those employees whole. Employees who are now retired under the DB Plan are; Xxxxxx Xxxxx Xxxxxxx Xxxxxxxxx Xxxxxx Xxxxxxxx This Letter of Agreement applies to the following FSAs in the Money Purchase Pension Plan who are entitled to benefits as a result of the June 2018 arbitration award: Xxxxxx Xxxxxxxx Xxxxxx Xxxxxxxxxx Great West Life will calculate the amount of additional contributions/premiums that the Employer will need to make to compensate for market gains that these employees’ MP plans would have made from October 20 2014 to December 31 2017. The Employer will provide this amount in an RRSP upon retirement. This amount will be actuarially calculated to ensure accuracy and to keep those employees whole. SIGNED THIS DAY OF 2020 ON BEHALF OF KOOTENAY SAVINGS CREDIT UNION SIGNED THIS DAY OF 2020 ON BEHALF OF UNITED STEELWORKERS, LOCALS 9705 & 1 – 405 Xxxxx X. Xxxxxx Xxxxx Xxxxxxxx Xxxxxx Xxxxxxxxxx Xxxx Xxxxxxxx Xxxxx Xxxxxx Xxxxxx Xxxx This Letter of Understanding replaces the agreement between the parties, duly signed on June 15th and 29th, 2017

Plan Members. Payer represents to Synetic that, as of the Effective Date, Payer provides health insurance benefits or administrative services to at least ______ plan members (including duplicative member coverage).

Plan Members. The individuals covered by the terms of an OPEB plan. The plan membership generally includes employees in active service, terminated employees who have accumulated benefits but are not yet receiving them, and retired employees and beneficiaries currently receiving benefits. Post-employment: The period between termination of employment and retirement as well as the period after retirement. Post-employment Healthcare Benefits: Medical, dental, vision, and other health-related benefits provided to terminated or retired employees and their dependents and beneficiaries. Select and Ultimate Rates: Actuarial assumptions that contemplate different rates for successive years. Instead of a single assumed rate with respect to, for example, the investment return assumption, the actuary may apply different rates for the early years of a projection and a single rate for all subsequent years. For example, if an actuary applies an assumed investment return of 8 percent for year 2000, 7.5 percent for 2001, and 7 percent for 2002 and thereafter, then 8 percent and 7.5 percent are select rates, and 7 percent is the ultimate rate.