Basic Benefit Rate definition

Basic Benefit Rate means the Basic Benefit Rate as described in Section 6.01.
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Examples of Basic Benefit Rate in a sentence

  • The monthly amount of Basic Pension as of a Member's Date of Determination shall be equal to the Basic Benefit Rate multiplied by his years of Credited Service.

  • The amount of the monthly allowance payable to an employee retired pursuant to the provisions of this Article VI shall be: A basic allowance determined by multiplying his years of credited service by the Basic Benefit Rate as set forth in the Pension Benefit Rates according to Article XV.

  • The benefit will include a basic benefit (reduced for age where appropriate) equal to the basic benefit rate at the time of retirement times years of credited service accrued under the Pension Plan (determined on the basis of the Basic Benefit Rate in effect at such time and the Benefit Class Code attained with Purchaser), and a supplement in an amount equal to the difference between the basic benefit and the Pro-Rata Share of the applicable supplement provided for in the GM Pension Plan.

  • The amount of the monthly pension to an employee retired pursuant to the provisions of this Article Ill shall be the Basic Benefit Rate as set forth in Article XV multiplied by his years of credited service.

  • The amount of the monthly pension payable to an employee retired pursuant to the provisions of this Article V shall be: A basic pension determined by multiplying his years of credited service by the Basic Benefit Rate applicable as set forth in Pension Benefit Rates according to Article XV.

  • The monthly amount of Basic Pension as of a Member‘s Date of Determination shall be equal to the Basic Benefit Rate multiplied by his years of Credited Service.

  • The amount of the monthly pension payable to a under the provisions of this Article VII shall be: A basic pension determined by multiplying his years of credited service, up to his last day of active employment, by the Basic Benefit Rate as set forth in the Pension Benefit Rates, Article XV (a).

  • Basic Benefit Rate Effective April the basic benefit rate shall be twenty-five Effective April the basic benefit rate shall be twenty-seven dollars per month per year of credited service.

  • The amount of the monthly pension payable to an employee retired pursuant to the provisions of this Article IV shall be: A basic pension determined by multiplying his years of credited service by the Basic Benefit Rate as set forth in the Pension Benefit Rates according to Article XV.