Annual Pension definition

Annual Pension means the sum of all annual benefits, payable in the form of a straight life annuity. Benefits payable in any other form shall be adjusted to the larger of:
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Annual Pension means the benefits received by a participant under this Plan expressed in the form of a straight life annuity. In determining whether benefits payable exceed the Dollar Limitation set forth below, benefits payable in any form other than a straight life annuity shall be adjusted to the larger of:
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Annual Pension means, with respect to a Participant, the amount of the Participant's pension, expressed as an annual benefit for the Participant's lifetime.
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Examples of Annual Pension in a sentence

  • The report may be obtained by contacting: Public Employees' Retirement Fund Harrison Building, Room 800143 West Market Street Indianapolis, IN 46204Ph. (317) 233-4162 Funding Policy and Annual Pension Cost The contribution requirements of plan members for PERF are established by the Board of Trustees of PERF.

  • That report may be obtained by contacting: Indiana Public Retirement System One North Capitol, Suite 001 Indianapolis, IN 46204Ph. (888) 526-1687 Funding Policy and Annual Pension Cost The contribution requirements of the plan members for PERF are established by the Board of Trustees of INPRS.

  • That report may be obtained by contacting: Teachers' Retirement Fund 150 West Market Street Indianapolis, IN 46204Ph. (317) 232-3860 Funding Policy and Annual Pension Costs The School Corporation contributes the employer's share to TRF for certified employees employed under a federally funded program and all the certified employees hired after July 1, 1995.

  • That report may be obtained by contacting: Indiana Public Retirement System 1 North Capital Street, Suite 001Indianapolis, IN 46204Ph. (888) 526-1687 Funding Policy and Annual Pension Cost The contribution requirements of the plan members for PERF are established by the Board of Trustees of INPRS.

  • Funding Policy and Annual Pension Cost The contribution requirements of plan members for the 1925 Police Officers' Pension Plan are established by state statute.

  • Funding Policy and Annual Pension Cost The contribution requirements of plan members for the County Police Retirement Plan are established by state statute.

  • That report may be obtained by contacting: Public Employees' Retirement Fund Harrison Building, Room 800143 West Market Street Indianapolis, IN 46204Ph. (317) 233-4162 Funding Policy and Annual Pension Cost The contribution requirements of the plan members for PERF are established by the Board of Trustees of PERF.

  • Funding Policy and Annual Pension Cost The contribution requirements of plan members for the County Police Benefit Plan are estab- lished by state statute.

  • That report may be obtained by contacting: Public Employees' Retirement Fund Harrison Building, Room 800143 West Market Street Indianapolis, IN 46204Ph. (317) 233-4162 Funding Policy and Annual Pension Costs Plan members are required to contribute 6% of the first-class police officers' and firefighters' salary and the City is to contribute at an actuarially determined rate.

  • That report may be obtained by contacting: Teachers' Retirement Fund 150 West Market Street Indianapolis, IN 46204Ph. (317) 232-3860 Funding Policy and Annual Pension Costs The School Corporation contributes the employer's share to TRF for certified employees em- ployed under a federally funded program and all the certified employees hired after July 1, 1995.


More Definitions of Annual Pension

Annual Pension means the sum of all annual benefits, payable in
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Annual Pension. A member may elect either to: commence receiving pension payments on his normal retirement date, in which event his pension will be calculated based on earnings and service to his normal retirement date, or commence receiving pension payments on his actual retirement date, in which event his pension will be calculated based on earnings and service to his normal retirement date increased by for each month by which retirement is postponed. Where the benefit is prescribed by provincial regulations, the benefit will not be less than that prescribed.
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Annual Pension for each eligible member means the pension percentage multiplied by the vesting percentage multiplied by the final average annual compensation, as applicable to the member:
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Annual Pension means the benefits received by a participant under this Plan expressed in the form of a straight life annuity. In determining whether benefits payable exceed the Dollar Limitation set forth below, benefits payable in any form other than a straight life annuity shall be adjusted to the larger of: (i) The annual amount of the straight life annuity (if any) payable to the participant under the plan commencing at the same annuity starting date as the form of benefit payable to the participant; or (ii) The annual amount of the straight life annuity commencing at the same annuity starting date that has the same actuarial present value as the form of benefit payable to the participant, computed using a 5 percent interest assumption and the applicable mortality table described in §1.417(e)-1(d)(2) for that annuity starting date. No actuarial adjustment to the benefit shall be made for benefits that are not directly related to retirement benefits (such as a qualified disability benefit, preretirement incidental death benefits, and postretirement medical benefits); or the inclusion in the form of benefit of an automatic benefit increase feature, provided the form of benefit is not subject to §417(e)(3) of the Internal Revenue Code and would otherwise satisfy the limitations of this Subsection (a), and the amount payable under the form of benefit in any Limitation Year shall not exceed the limits of this Subsection (a) applicable at the annuity starting date, as increased in subsequent years pursuant to § 415(d) of the Code. For this purpose, an automatic benefit increase feature is included in a form of benefit if the form of benefit provides for automatic, periodic increases to the benefits paid in that form.
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Annual Pension means the sum of all annual benefits payable in the form of a single life annuity or qualified joint and survivor annuity from all defined benefit plans (whether or not terminated) maintained by the Employer. Benefits payable in any other form shall be adjusted to the larger of:
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Related to Annual Pension

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Actuarial equivalent means a benefit of equal value when

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Plan Year means the calendar year.

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—