Common use of Suspension of benefits Clause in Contracts

Suspension of benefits. Section 2.5.10 provides for the suspension of benefit payments if the Participant earns Hours of Service after Normal or Early Retirement Benefits have commenced. An adopting employer may select one of options a. or b. only if the Plan is a new plan or an existing plan restating an identical suspension of benefits option. This Section: ☐ a. applies to all Participants in the Plan. ☐ b. does not apply. (Benefits not suspended) Language for existing plans that are adding or expanding a suspension of benefits option ☐ c. only those Participants described in section 2.3.2 of the Plan whose benefits, if actuarially increased, would exceed the limitations of section 3.1.1 of the Plan

Suspension of benefits. Section 2.5.10 provides for the suspension of benefit payments if the Participant earns Hours of Service after Normal or Early Retirement Benefits have commenced. An adopting employer Employer may select one of options a. the options. Select b. or b. c. only if the Plan is a new plan Plan or is an existing plan Plan restating an identical suspension of benefits option. This Section: ☐ a. applies Applies to all Participants in the Plan. ☐ b. does Does not apply. apply (Benefits benefits not suspended) Language for existing plans that are adding or expanding a suspension of benefits option ). ☐ c. only Only those Participants described in section Section 2.3.2 of the Plan whose benefits, if actuarially increased, would exceed the limitations of section Section 3.1.1 of the Plan Language for existing Plans that are adding or expanding a suspension of benefits option: ☐ d. Employees who commence participation in the Plan on or after the later of the adoption date or the effective date of the suspension of benefit rules in Section 2.5.10 of the Plan.