Survivor Annuity Percentage Sample Clauses

Survivor Annuity Percentage. If a Joint and Survivor Annuity is payable, select the percentage payable as the survivor annuity: ☐ a. The survivor annuity is 50% of the amount payable during the joint lives of the Participant and spouse. ☐ b. Other Percentage - %. (Not less than 50% nor more than 100%) ☐ c. Other Percentage selected by the Participant. (Not less than 50% nor more than 100%)
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Survivor Annuity Percentage. (COMPLETE ONLY IF YOUR ANSWER IN SECTION 16, PART A IS "NO.") The survivor annuity portion of the Joint and Survivor Annuity shall be a percentage equal to 50% (AT LEAST 50% BUT NO MORE ----- THAN 100%) of the amount paid to the Participant prior to his or her death.
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Survivor Annuity Percentage. (Complete only if you answer in Section 15, part A is "No.") The survivor annuity portion of the Joint and Survivor Annuity shall be a percentage equal to ____% (at least 50% but no more than 100%) of the amount paid to the Participant prior to his or her death. -------------------------------------------------------------------------------- SECTION 16. OTHER OPTIONS Answer "yes or "No" to each of the following questions by checking the appropriate box. If a box is not checked for a question, the answer will be deemed to be "No" -------------------------------------------------------------------------------- A. Loans: Will loans to Participants pursuant to Section 6.08 of the Plan be permitted? (o) Yes ( ) No B. Insurance: Will the Plan allow for the Investment in insurance policies pursuant to Section 5.13 of the Plan? ( ) Yes (o) No C. Employer Securities: Will the Plan allow for the investment in qualifying Employer securities or qualifying Employer real property? ( ) Yes (o) No D. Rollover Contributions: Will Employees be permitted to make rollover contributions to the Plan pursuant to Section 3.03 of the Plan? ( ) Yes ( ) No (o) Yes, but only after becoming a Participant E. Transfer Contributions: Will Employees be permitted to make transfer contributions to the Plan pursuant to Section 3.04 of the Plan? ( ) Yes ( ) No (o) Yes, but only after becoming a Participant F. Nondeductible Employee Contributions: Will Employee be permitted to make Nondeductible Employee Contributions pursuant to Section 11.305 of the Plan? Check here if such contributions will be mandatory. |_| ( ) Yes (o) No G. Will Participant be permitted to direct the investment of their Plan assets pursuant to Section 5.14 of the Plan? (o) Yes ( ) No -------------------------------------------------------------------------------- SECTION 17. LIMITATION ON ALLOCATIONS More Than One Plan -------------------------------------------------------------------------------- If you maintain or ever maintained another qualified plan (other than a paired standardized money purchase pension plan using the same Basic Plan Document as this Plan) in which any Participant in this Plan is (or was) a Participant, you must complete this section. You must also complete this section if you maintain a welfare benefit fund, as defined in Section 419(e) of the Code, or an individual medical account, as defined in Section 415(1)(2) of the Code, under which amounts are treated as annual additions with respect to a...
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Survivor Annuity Percentage. The term “Survivor Annuity Percentage” means the percentage which the survivor annuity under the Plan’s Qualified Joint and Survivor Annuity bears to the annuity payable the joint lives of the Participant and the Participant’s Spouse.
Sample 1
Survivor Annuity Percentage. (Complete only if your answer in Section 15, Part A is "No") The survivor annuity portion of the Joint and Survivor Annuity shall be a percentage equal to 50% (at least 50% but no more than 100%) of the amount paid to the Participant prior to his or her death. -------------------------------------------------------------------------------- SECTION 16. OTHER OPTIONS ANSWER "YES" OR "NO" TO EACH OF THE FOLLOWING QUESTIONS BY CHECKING THE APPROPRIATE BOX. IF A BOX IS NOT CHECKED FOR A QUESTION, THE ANSWER WILL BE DEEMED TO BE "NO. -------------------------------------------------------------------------------- A. Loans: Will loans to Participants pursuant to Section [X] Yes [ ] No 6.08 of the Plan be permitted? B. Insurance: Will the Plan allow for the investment in [X] Yes [ ] No insurance policies pursuant to Section 5.13 of the Plan? C. Employer Securities: Will the Plan allow for the [ ] Yes [X] No investment in qualifying Employer securities or qualifying Employer real property? D. Rollover Contributions: Will Employees be permitted to [X] Yes [ ] No make rollover contributions to the Plan pursuant to Section 3.03 of the Plan? [ ] Yes, but only after becoming a Participant.
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Related to Survivor Annuity Percentage

  • Qualified Joint and Survivor Annuity Unless an optional form of benefit is selected pursuant to a qualified election within the 90-day period ending on the annuity starting date, a married Participant's Vested account balance will be paid in the form of a qualified joint and survivor annuity and an unmarried Participant's Vested account balance will be paid in the form of a life annuity. The Participant may elect to have such annuity distributed upon attainment of the earliest retirement age under the Plan.

  • Survivor Benefit Upon the death of a regular employee who leaves a spouse and/or dependants enrolled in the Medical Services Plan, Dental Plan and Extended Health Benefit Plan, such enrolment may continue for twelve (12) months following the employee’s death, provided the enrolled family members pay the employee’s share of the cost of the premium for the plans. The Employer shall advise the survivor of this benefit.

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

  • Life Annuity In addition to the rules imposed by the Act, a life annuity purchased with the property of the Plan must comply with Pension Legislation and must be established for the Annuitant’s life. However, if the Annuitant has a Spouse on the date payments under the life annuity begin, the life annuity must be established for the lives jointly of the Annuitant and the Annuitant’s Spouse, unless the Spouse has provided a waiver in the form and manner required by Pension Legislation. Where the surviving Spouse is entitled to payments under the life annuity after the Annuitant’s death, those payments must be at least 60 percent of the amount to which the Annuitant was entitled prior to the Annuitant’s death. The life annuity may not differentiate based on gender except to the extent permitted by Pension Legislation.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • ANNUITANT The Annuitant is the person on whose life Annuity Payments are based. The Annuitant is the person designated by you subject to our underwriting rules then in effect. The Annuitant may not be changed in a Contract which is owned by a non-individual.

  • Fixed Annuity 10 1.16 Fund(s) ........................................................... 10 1.17

  • ANNUITY OPTIONS The following Annuity Options are available under this Contract. Additional options may become available in the future:

  • Survivor Benefits 1. A surviving dependent of a retiree who was eligible to receive a Retiree Medical Grant, as stated above in A through C, and who qualifies for a monthly allowance shall be eligible for fifty (50) percent of the Grant authorized for the retiree. 2. A surviving eligible retiree who qualifies for a monthly retirement allowance who was married to a retiree who was also eligible for a Grant shall receive the survivor benefit described in D.1., above, or his or her own Grant, whichever is greater. Such retiree shall not be eligible for both Grants.

  • Annuity 24.1 If the policy schedule states that the insured amount is a surviving dependant's annuity within the meaning of Section 3.125(1)(b) of the Income Tax Act 2001, this article shall apply. a. The entitlement to an annuity payment cannot be surrendered, disposed of, divulged or used as security and, in general, no legal action can be taken with regard to this insurance that may lead the tax authorities to take back the premium deduction they received for this insurance in the past. b. The insurer shall be held liable by law for the payment of the wage and income tax and revision interest owed by the policyholder or the person entitled to an annuity as soon as a circumstance referred to under point a arises. c. The insurer will then be entitled to set off the amount of the maximum wage and income tax and revision interest due against the value of the insured annuity(s), irrespective of whether these are paid out or not.

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