Table of Pension Equivalent Factors Sample Clauses

Table of Pension Equivalent Factors. The amount of an actuarially reduced deferred vested pension payable pursuant to Paragraph 4 of Article V; an actuarially reduced pension payable on an optional form pursuant to Paragraph 7 of Article V; an actuarially reduced pension payable pursuant to Subparagraph (a) of Paragraph 8 of Article V; or the amount of a special distribution payable pursuant to Paragraph 11(b) or Paragraph 13 of this Article VII shall be determined by the appropriate pension equivalent factor in the Table of Pension Equivalent Factors which are incorporated herein by reference. Notwithstanding the preceding provisions of this Paragraph 16, the interest rate and mortality assumption used to determine (a) an actuarially reduced deferred vested pension payable pursuant to Paragraph 4 of Article V for the months, if any, preceding the month in which an Employee will attain age 55, or (b) the present value or single sum value for any purpose shall be the applicable interest rate and applicable mortality table (as defined in the following sentences). For purposes of the preceding sentence, (i) for distributions made in Plan Years commencing on or after November 1, 2008 and prior to November 1, 2013, the "applicable interest rate" shall mean the "applicable interest rate" within the meaning of section 417(e)(3) of the Code and regulations and rulings promulgated thereunder, for the second calendar month preceding the month which includes the date of distribution, and (ii) for distributions made in Plan Years commencing on or after November 1, 2013, the “applicable interest rate” shall mean the “applicable interest rate” within the meaning of section 417(e)(3) of the Code and regulations and rulings promulgated thereunder, for the month of June in the Plan Year immediately preceding the Plan Year which includes the date of distribution. Notwithstanding the preceding sentence, in determining the present value or single sum value for any purpose during the period from November 1, 2013 through October 31, 2014, such present value or single sum value shall be the greater of the amount determined using the interest rate specified in clause (i) of the preceding sentence and the amount determined using the interest rate specified in clause (ii) of the preceding sentence. For purposes of the preceding provisions of this Paragraph 16, for distributions made in Plan Years commencing on or after November 1, 2008, the "applicable mortality table" shall mean the "applicable mortality table " pres...
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Table of Pension Equivalent Factors. 17. Transfers of Eligible Rollover Distributions .................................................................. VIII - FUNDING-BASED LIMITATIONS ON BENEFITS ................................................................... PART II - INSURANCE I - LIFE INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE AND SURVIVOR INCOME BENEFITS.....................................................................................
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Related to Table of Pension Equivalent Factors

  • Change in pension value This is the change in present value of defined benefit and actuarial pension plans.

  • Full-Time Equivalent (FTE) and Employer Contributions a) The FTE used to determine the Board’s benefits contributions will be based on the average of the Board’s FTE as of October 31st and March 31st of each year.

  • ADJUSTMENT FACTORS The Contractor will perform any or all Tasks in the Construction Task Catalog for the Unit Price appearing therein multiplied by the following Adjustment Factors. See the General Terms and Conditions for additional information.

  • Accrual Rate of Sick Leave With Pay Credits Full-time employees shall accrue eight (8) hours of sick leave with pay credits for each full month worked. Employees who work less than the full month but at least thirty-two (32) hours during the month shall accrue sick leave with pay on a pro rata basis for the month.

  • Regular Rate of Pay The regular rate of pay for each position in the bargaining unit shall be in accordance with the rates established for each class provided for in Appendix B. The regular rate of pay shall include any longevity increment required to be paid under this Agreement.

  • Governor or Equivalent Controls Whenever the Small Generating Facility is operated in parallel with the New York State Transmission System, Interconnection Customer shall operate the Small Generating Facility with its governor or equivalent controls in service and responsive to frequency. Interconnection Customer shall: (1) in coordination with NYISO, set the deadband parameter to: (1) a maximum of ±0.036 Hz and set the droop parameter to a maximum of 5 percent; or (2) implement the relevant droop and deadband settings from an approved Applicable Reliability Standard that provides for equivalent or more stringent parameters. Interconnection Customer shall be required to provide the status and settings of the governor and equivalent controls to NYISO and/or the Connecting Transmission Owner upon request. If Interconnection Customer needs to operate the Small Generating Facility with its governor or equivalent controls not in service, Interconnection Customer shall immediately notify NYISO and the Connecting Transmission Owner, and provide both with the following information: (1) the operating status of the governor or equivalent controls (i.e., whether it is currently out of service or when it will be taken out of service); (2) the reasons for removing the governor or equivalent controls from service; and (3) a reasonable estimate of when the governor or equivalent controls will be returned to service. Interconnection Customer shall make Reasonable Efforts to return its governor or equivalent controls into service as soon as practicable. Interconnection Customer shall make Reasonable Efforts to keep outages of the Small Generating Facility’s governor or equivalent controls to a minimum whenever the Small Generating Facility is operated in parallel with the New York State Transmission System.

  • Accrual Rates All eligible employees shall accrue vacation pay according to the following rates:

  • Definition of Regular Straight Time Rate of Pay The regular straight time rate of pay is that prescribed in wage schedule of the Collective Agreement.

  • Accrual Rate Compensatory time for employees will accrue at the rate of one and one-half hours for each one hour of overtime worked.

  • Calculation of Annual Leave Pay Annual leave shall be paid at the employee’s ordinary weekly wage rate for ordinary hours for the period of annual leave (excluding shift allowances and weekend payments but including leading hand allowance); plus an amount equal to 17.5% of the amount

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