Cash Balance Participant definition

Cash Balance Participant means a Participant who has a Cash Balance benefit from the Retirement Plan that is governed by the terms of the Cash Balance Plan Document.

Cash Balance Participant means a Participant who is a Cash Balance Member in the Qualified Plan.

Cash Balance Participant means a Participant who is entitled to receive a Cash Balance Pension Benefit under the Qualified Retirement Plan.

Examples of Cash Balance Participant in a sentence

• The Opening Balance of a Cash Balance Participant who was an Active Participant in the Plan on January 1, 2002 and was an active Employee on April 1, 2002 is the Actuarially Equivalent present value of his Frozen Accrued Benefit determined as of January 1, 2002.

• For each Plan Year beginning on or after January 1, 2002, a Service Credit shall be credited to the Cash Balance Account of any Cash Balance Participant who is an Active Participant at any time during such Plan Year.

• The Opening Balance of any other Cash Balance Participant is zero.

• Notwithstanding anything to the contrary in the foregoing, no Employer Deferral Account Cash Balance subaccount balance shall be paid to an Excess Cash Balance Participant where and to the extent the bonus non-payment CPP requirement is applicable to Employer Deferral Account Cash Balance subaccount balance.

• If a Cash Balance Participant dies before the Annuity Commencement Date, Interest Credits will continue to be added to the Cash Balance Account up until but not after the last day of the calendar month preceding his or her Beneficiary’s Annuity Commencement Date.

More Definitions of Cash Balance Participant

Cash Balance Participant means an employee who is on the active roll of a Participating Company as an Officer on or after January 1, 1998. Notwithstanding the preceding sentence, an individual who is promoted to an Officer position after December 31, 2008 shall not be eligible to earn benefits as a “Cash Balance Participant.”

Cash Balance Participant means an Executive for whom a Retirement Account is maintained under the Pension Plan.

Cash Balance Participant or "Participant" shall mean an employee who is a member of the System and who is a Participant in the Cash Balance Benefit Structure in accordance with the terms of section 7.B.

Cash Balance Participant means a Participant who is a “Cash Balance Participant” as defined by the Qualified Plan.

Cash Balance Participant means a nonrepresented participant or a represented participant. A cash balance participant does not include a participant in the former Suburban Plan or West Penn Plan who was subject to the “special transition rules” of the Prior Plan or who elected to accrue benefits, effective December 31, 1998, under the “final pay benefit” of either the former Suburban Plan or the West Penn Plan.

Cash Balance Participant means any Employee who is a “Cash Balance Participant” in the 401(k) Plan.

Cash Balance Participant means a Participant deemed to be a Cash Balance Participant pursuant to Section 3.2.