Basic Plan means as to any Member or Vested Former Member the defined benefit pension plan of the Company or an Affiliated Employer intended to meet the requirements of Code Section 401(a) pursuant to which retirement benefits are payable to such Member or Vested Former Member or to the Surviving Spouse or designated beneficiary of a deceased Member or Vested Former Member.
Basic Plan means the plan that provides the least amount
Basic Plan means the plan that provides the least amount of benefits each participant is required to purchase pursuant to the provisions of the plan. The basic plan shall include only health, dental, disability and life benefits;
Examples of Basic Plan in a sentence
Coordinated Plan members are covered by Social Security and Basic Plan members are not.
Coordinated Plan members are covered by Social Security, and Basic Plan members are not.
Under Method 1, the annuity accrual rate for a Basic Plan member is 2.2 percent of average salary for each of the first ten years of service and 2.7 percent for each year thereafter.
Under Method 2, the annuity accrual rate is 2.7 percent of average salary for Basic Plan members and 1.7 percent for Coordinated Plan members for each year of service.
Two methods are used to compute benefits for Coordinated and Basic Plan members.
More Definitions of Basic Plan
Basic Plan. DOCUMENT Means this prototype Plan and Trust document.
Basic Plan means, as to any Participant or Vested Former Participant, the defined benefit pension plan of the Corporation or an Affiliate, which is intended to meet the requirements of Section 401(a) of the Code and pursuant to which retirement benefits are payable to such Participant or Vested Former Participant or to the Surviving Spouse or designated beneficiary of a deceased Participant or Vested Former Participant.
Basic Plan means a health benefit(s) plan providing benefits for employees, annuitants, and family members not enrolled in a supplemental plan.
Basic Plan means the qualified defined benefit pension plan to which the Company makes or has made contributions on behalf of a designated Participant (including, but not limited to The New York Times Companies Pension Plan, The Guild-Times Pension Plan and The Retirement Annuity Plan for Craft Employees of The New York Times Company (non-contributory portion)).
Basic Plan means the Basic Plan specified in Policy Schedule 1. “Beneficiary(ies)” means the beneficiary(ies) designated under provision A12.
Basic Plan means The First American Corporation Pension Plan, a defined benefit pension plan qualified under Code section 401(a), as amended from time to time.
Basic Plan means the Securite Sociale retirement benefit plan sponsored by the French Government.