Base pension definition

Base pension means the amount of
Sample 1Sample 2Sample 3
Base pension means the amount of retirement, death, or disability benefits as determined at the earliest of the time a Group B member and, solely for the purposes of Section 6.12 of this article, a Group A member:
Sample 1Sample 2Sample 3
Base pension means the amount of retirement, death, or disability benefits under this Plan as determined at the earliest of the time a Member enters DROP, leaves or left Active Service, dies, or becomes entitled to a disability pension or periodic disability compensation under the Combined Pension Plan. Solely for purposes of this definition, when a Member becomes entitled to a disability pension or periodic disability compensation, Base Pension shall be determined as of the date on which the disability pension or periodic disability compensation commences.
Sample 1

Examples of Base pension in a sentence

  • Employees are eligible after completing 30 days of employment and working 80 hours in the preceding month.E. Subject to Change: Base pension contributions for all employees are $12.36/hour.

  • End pension boosting and tacking.• Restrict end of career salary hikes.• Require employees to designate a single job for pension purposes.• Base pension on average of five highest salaries as opposed to current three highest salaries or high- est three years where it is currently highest single year.

  • Therefore, given the heavy burden that pension reimbursement is having on American taxpayers and federal agencies, it is CAGW’s recommendation that the federal government and its agencies: • Base pension reimbursement for contractors on the actuarial assumptions that are required under ERISA and the Pension Protection Act.

  • At the division level, a task force was formed, chaired by the deputy commissioner, to look after the approval process related to forest clearance and land acquisitions.

  • Base pension amount, 100, is the pension for a women born in 1938 or before, claiming a pension at age 62 years.Source: Own calculations based on Swiss social security rules.

  • For the latter, funding was only granted after the solicitor sent a pre-action protocol letter to the LAA threatening to judicially review their initial refusal of funding.” If the residence test is introduced as proposed, the claimant may not have been able to make this challenge.

  • The following box assesses DFID’s performance in Russia against the DAC guidelines for technical assistance best practice.

  • The bank has been regularly contributing to the fund for the base pension, based on actuarial valuation and have been claiming a deduction of the same on payment basis under Section 36(1)(iv) read with Section 43B(b) of the Act.• Apart from the approved superannuation fund, to compensate for the increased cost of living of the employees, the Bank also provides annual increment on the Base pension which is .towards unfunded pension liability and directly paid to the employees.

  • Base pension benefit for first 15 years of service: Rs.1000 per month Add: Pension for each year in excess of 15 years: Rs. 25 per month Following table summarizes the pension benefits at different service periods: Alternative-3: Under this alternative pension and contribution shall be increased step by step after every second year.


More Definitions of Base pension

Base pension means a Single Life Annuity payable for life beginning at the Normal Retirement Date of the Participant, equal to fifty-five percent (55%) of the Final Average Compensation, reduced by the Pension Offsets.
Sample 1
Base pension means, when used in connection with a member, the pension computed under
Sample 1

Related to Base pension

  • war pension means a war disablement pension, a war widow’s pension or a war widower’s pension;

  • state pension credit means state pension credit under the State Pension Credit Act 2002;

  • Employee Pension Benefit Plan has the meaning set forth in ERISA Section 3(2).

  • qualifying age for state pension credit means (in accordance with section 1(2)(b) and (6) of the State Pension Credit Act 2002)—

  • occupational pension means any pension or other periodical payment under an occupational pension scheme but does not include any discretionary payment out of a fund established for relieving hardship in particular cases;

  • BENEFIT LIMIT means the total benefit allowed under this plan for a covered healthcare service. The benefit limit may apply to the amount we pay, the duration, or the number of visits for a covered healthcare service.

  • Actuarial equivalent means a benefit of equal value when

  • Canadian Pension Plans means each pension plan required to be registered under Canadian federal or provincial law that is maintained or contributed to by a Loan Party or any Subsidiary of any Loan Party for its employees or former employees, but does not include the Canada Pension Plan or the Quebec Pension Plan as maintained by the Government of Canada or the Province of Quebec, respectively.

  • Multi-employer Plan means a "multi-employer plan" as defined in Section 4001(a)(3) of ERISA which is or was at any time during the current year or the immediately preceding six (6) years contributed to by the Borrower or any ERISA Affiliate.

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

  • war disablement pension means any retired pay or pension or allowance payable in respect of disablement under an instrument specified in section 639(2) of the Income Tax (Earnings and Pensions) Act 2003;

  • Multiple Employer Plan means a Plan which has two or more contributing sponsors (including the Borrower or any ERISA Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA.

  • Nonqualified Deferred Compensation Rules means the limitations or requirements of Section 409A of the Code, as amended from time to time, including the guidance and regulations promulgated thereunder and successor provisions, guidance and regulations thereto.

  • Foreign Pension Plan means any plan, fund (including any superannuation fund) or other similar program established or maintained outside the United States by the Borrower or any one or more of its Subsidiaries primarily for the benefit of employees of the Borrower or such Subsidiaries residing outside the United States, which plan, fund or other similar program provides, or results in, retirement income, a deferral of income in contemplation of retirement or payments to be made upon termination of employment, and which plan is not subject to ERISA or the Code.

  • Single Employer Plan any Plan which is covered by Title IV of ERISA, but which is not a Multiemployer Plan.