Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—
housing benefit means housing benefit under Part 7 of the SSCBA;
Retirement Benefit means the benefit set forth in Article 5.
Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.
Actuarial equivalent means a benefit of equal value when
Disability Benefit means the benefit set forth in Article 8.
Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.
Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.