Basic Allowance definition

Basic Allowance means a monetary allowance granted under the conditions provided for in this Act to pupils in order to cover expenses related to the acquisition of education;

Basic Allowance means an allowance payable under paragraph 3 of this Scheme

Basic Allowance means the payment available to States Members from 1st May 2004 to 30th April 2012;

Examples of Basic Allowance in a sentence

• It also provides that your monthly benefit will “pop-up” to the Basic Allowance for your lifetime the month following the death of your beneficiary if your beneficiary dies before you.

• This allowance is paid in addition to the Basic Allowance to those Members considered to bear additional responsibilities.

• If you want your spouse to be eligible to make this election, you must name your spouse as your sole/only primary beneficiary.If you are a Retiree, use this form to change your beneficiary(ies) only if you chose the Basic Allowance, Option One or Option Four at retirement.

• If your original beneficiary dies and you are collecting the Basic Allowance and decide to name a new beneficiary, your benefit will be recalculated under Option 6 based on the new beneficiary designation.

• Visit DFAS website for most current Basic Allowance Housing (BAH) & Basic Allowance Substance (BAS) rates for the duty location listed on this announcement.

More Definitions of Basic Allowance

Basic Allowance means the amount payable to a Participant, in accordance with section 7 of this XXX.

Basic Allowance means the allowance payable in respect of the year to each Councillor in accordance with Paragraph 5 of the Scheme;

Basic Allowance means the product of (a) Twenty Dollars ($20.00) multiplied by (b) the rentable square footage of the

Basic Allowance means an annuity payable for the life of the Participant, with a guarantee that an amount equal to 60 monthly payments will be paid to the Participant and his or her Beneficiary.

Basic Allowance means the amount calculated as to each participant upon retirement based on the defined benefit formula set forth in §0300, §0301, §0302, or §0303.

Basic Allowance in relation to any year means the Basic Allowance of a Member determined in accordance with Rule 3.

Basic Allowance means the amount calculated as to each Member upon retirement based on the defined benefit formula set forth in § 0300, which is: Service Credit times Final Average Salary times Retirement Calculation Factor.