Basic Pension definition

Basic Pension means the annuity derived from normal contributions of members; the pension derived from matching contributions of the City and the pension for prior service, if any.

Basic Pension means the Basic Pension as described in Section 6.01.

Basic Pension means the retirement pension to which a Staff Member is entitled on cessation of his service at the Bureau, or, if he dies whilst in service, the pension to which he would have been entitled had he been of retiring age at the date of death.

Examples of Basic Pension in a sentence

• The Board and the member shall make equal contributions to the O.M.E.R.S. Basic Pension Plan Benefit as prescribed under the O.M.E.R.S. Act and Regulations thereto.

• However, the foregoing shall not affect the provisions of the legislation of Japan which require a person who is aged 60 or over but under 65 on the date of the first medical examination or of death to reside ordinarily in the territory of Japan for the acquisition of entitlement to the Disability Basic Pension or the Survivors’ Basic Pension.

• State Basic Pension not affectedContracting out does not affect your entitlement to the State Basic Pension.

• This means that you do not earn any State Second Pension while you are a member of the Plan and, as a result, you pay National Insurance contributions at a lower rate.Contracting out does not, however, affect your entitlement to the State Basic Pension.

• The complementary period is the valid period to be included to see if you satisfy the 10-year period requirement to be entitled to the Old-age Basic Pension.

More Definitions of Basic Pension

Basic Pension means the annual lifetime pension which the Participant would otherwise be entitled to receive from time to time pursuant to any Qualified Pension Plan, in regards to the period of Credited Service recognized for purposes of this SERP or that would be so recognized for purposes of this SERP in absence of the 35 year limit on Credited Service as per Section 2.08, but limited to the period of Credited Service actually recognized in the Qualified Pension Plan. It shall be assumed that such annual pension is payable from the same date as supplementary benefits commence to be paid under this SERP and is calculated on the basis of the following assumptions:

Basic Pension. (hereinafter “Basic Pension”) means a Pension paid by the Pension Administration to all persons habitually residing in Kosovo and who have reached Pension Age.

Basic Pension means the monthly benefit payable under the provisions of Section 4.l hereof.

Basic Pension means the Basic Pension as defined in the Prior Plan calculated in accordance with the formula set out in Article 6.1.2.1 hereunder.

Basic Pension means the amount of normal pension accrued under this Plan, excluding pensions relating to Voluntary Contributions, Money Purchase Accounts and Transfer Credits, as further defined in Article 9 (Calculation of Normal Pensions).

Basic Pension means the annual pension which would be payable to a Member if the following Rules did not apply: Rule 8 (Other Choices for Early Leavers), Rule 10A (General), Rule 12B (GMP Increase), Rule 12C (State Graduated

Basic Pension means a monthly amount which shall be payable for the life of the recipient (before any reduction for a Joint and Survivor Pension), the last payment to be made as of the first day of the month in which his death occurs.