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

  • If the revised annual pension benefit computed pursuant to this paragraph 6.1(a) minus the existing annual pension benefit (“Net Annual Pension Change”) for a Member of Sub-Class A is not greater than zero dollars, no further computations under this paragraph 6.1 shall be made with respect to such Member of Sub-Class A pursuant to the Settlement Agreement, and the Member will continue receiving his or her existing annual pension benefit.

  • A table on annual pension adjustments shall include: Plan Year, Pension Fund Interest, Fund Interest on Four Year Rolling Average, Consumer Price Index, Annual Pension Adjustment for and and a table on investment performance shall be for the total fund listing the Asset Mix by percentage, and Market Return by Index and rate of change for one year and over four years.

  • Final Average Earnings Multiplying Factor Annual Pension Adjustment .

  • A Participant's or Former -------------------------- Participant's early retirement pension shall be in an annual amount equal to his Accrued Annual Pension determined at his Early Retirement Date, reduced by 5/9ths of 1% for each month between his Pension Commencement Date and his Normal Retirement Date.

  • If a Participant transfers to Non-Covered ---------------- Employment, upon his subsequent severance from service with the Employer or any Affiliated Company, his Credited Service for all purposes under this Plan, except for determining his Accrued Annual Pension, shall equal the sum of (i) his Credited Service in Covered Employment (as determined under Article III of this Plan) and (ii) his Non-Covered Service, subject to the provisions of Subsection 6.4(a).

  • A Participant's or Former -------------------------- Participant's disability retirement pension shall be in an annual amount equal to his Accrued Annual Pension determined at his Severance From Service Date.

  • A terminated ----------------------------------------- Participant's or Former Participant's deferred vested pension shall be in an annual amount equal to his Accrued Annual Pension determined as of his Severance From Service Date.

  • In mid-June, Pension Plan members (Active, and Terminated Vested or “Inactive”) will be receiving their 2015 Annual Pension Statement, so be on the lookout for it.

  • The rate and bands are as follows: Annual Pension Reduction Rate First €12,000 Exempt Between €12,001 and €24,000 2% Between €24,001 and €60,000 3% Between €60,001 and €100,000 5% Any above over €100,000 8% You should note that in all cases the annual pension will not be reduced below €32,500.

  • A summary of the plan amendments as a result of the new legislation will be included with the 2015 Annual Pension Statement.


More Definitions of Annual Pension

Annual Pension. A member may elect either to: commence receiving pension payments on his normal retirement date, in which event his pensionwill be calculated based on earn- ings and service to his normal retirementdate, or commence receiving pension payments on his actual retirementdate, in which event his pensionwill be calculated based on earnings and service to his normal retirement date increased by for each month by which retirementis postponed. Where the benefit is prescribed by provincial regulations, the benefitwill not be less than that prescribed.
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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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Annual Pension means the sum of all annual benefits, payable in
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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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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 Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works.

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Plan Year means the calendar year.

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