Core annuity definition

Core annuity means any annuity other than a variable annuity.
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Core annuity means the benefits arising under the Scheme excluding GMP and Protected Rights benefits;
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Examples of Core annuity in a sentence

  • Contributions remitted must be allocated to the Core annuity fund, the Variable annuity fund, or a combination thereof, based upon the employees fund participation:a.

  • There is no limit to the amount the Variable portion of your annuity can be reduced.The Core annuity adjustment paid on May 1 during the first year after you retire is prorated based on the number of months you were retired during the calendar year you retired.

  • B E N E F I T STCore Annuity Adjustment Projections For 2018he Department of Employee Trust Funds will announce Core and Variable annuity adjustments by March, after final investment returns for calendar year 2017 have been determined and an actuarial analysis conducted.What can you expect in terms of the Core annuity adjustment this spring?As of July 31, preliminary returns for the Core Trust Fund were 9.6%.

  • Earlier this year ETF ran Core annuity adjustment projections using investment return scenarios of 7.2%, 5% and 0% and pre- sented this information to the ETF Board.

  • There is no limit to the amount the variable portion of your annuity can be reduced.The Core annuity adjustment paid on May 1 during the first year after you retire is prorated based on the number of months you were retired during the calendar year you retired.

  • For more than a year ETF has been advisingretirees to prepare for a large negative Core annuity adjustment, primarily due to the lingering effects of 2008 investment declines on the Core Fund.

  • Six participants say that the ATM service is not an important source of revenue, but that it is crucial to retaining customers.

  • If this figure were the finalized net return for the year, it would, when combined with investment gains and lossesalready in the books (smoothing), likely producea Core annuity adjustment of 0.9% to 1.3%.However, the year is far from over and the solid market performance we’ve seen to-date could stall or reverse itself.

  • The results of these projections are shown in the table at right.Reminder: Under state law, the calculated Core annuity adjustment must be at least 0.5% for ETF to provide an increase to all retirees.

  • Contributions remitted must be allocated to the Core annuity fund, theET-1733 (Rev 05/2008)WRS Online Network for Employers User ManualChapter 8 - WRS Account Update Current Year Corrections Page 10 Variable annuity fund, or a combination thereof, based upon the employees fund participation:a.

Related to Core annuity

  • life annuity means “life annuity contract” as defined in Pension Legislation that conforms with the Act and Pension Legislation;

  • Single Life Annuity means a Participant’s Grandfathered Benefit and/or 409A Benefit, as applicable, payable as an annuity in equal monthly installments over the life of the Participant, commencing as of the Payment Date and terminating in the month in which the Participant dies, with no further payments thereafter.

  • Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

  • Qualified Preretirement Survivor Annuity means an annuity which is payable for the life of the Participant's surviving spouse.

  • retirement annuity contract means a contract or scheme approved under Chapter III of Part XIV of the Income and Corporation Taxes Act 1988;

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarially equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or qualified joint and survivor annuity) to which the Member would be entitled under the terms of the plan assuming:

  • Qualified Joint and Survivor Annuity means an immediate annuity for the life of the Participant with a survivor annuity for the life of the Spouse which is fifty percent (50%) of the amount of the annuity which is payable during the joint lives of the Participant and the Spouse and which is the amount of benefit which can be purchased with the Participant's Vested Account Balance.

  • Average Annual Compensation shall be an amount equal to the annual average of the sums of (x) the Executive’s annual Base Salary from the Company plus (y) the amount of Incentive Awards accrued by TNS for the Executive, in each case for the three calendar years that ended immediately before (or, if applicable, coincident with) the Change in Control Date;

  • Joint and Survivor Annuity means an immediate annuity for the life of a Participant with a survivor annuity for the life of the Participant's Spouse which is not less than fifty percent (50%), nor more than one hundred percent (100%) of the amount of the annuity payable during the joint lives of the Participant and the Participant's Spouse which can be purchased with the Participant's Vested interest in the Plan reduced by any outstanding loan balances pursuant to Section 7.4.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Joint Annuitant means the individual specified as such in the Data Pages. The Joint Annuitant must be the spouse of the Annuitant on the Contract Date.

  • Base Annual Salary means the annual cash compensation relating to services performed during any calendar year, whether or not paid in such calendar year or included on the Federal Income Tax Form W-2 for such calendar year, excluding bonuses, commissions, overtime, fringe benefits, stock options, relocation expenses, incentive payments, non-monetary awards, directors fees and other fees, automobile and other allowances paid to a Participant for employment services rendered (whether or not such allowances are included in the Employee’s gross income). Base Annual Salary shall be calculated before reduction for compensation voluntarily deferred or contributed by the Participant pursuant to all qualified or non-qualified plans of any Employer and shall be calculated to include amounts not otherwise included in the Participant’s gross income under Code Sections 125, 132(f), 402(e)(3), 402(h), or 403(b) pursuant to plans established by any Employer; provided, however, that all such amounts will be included in compensation only to the extent that, had there been no such plan, the amount would have been payable in cash to the Employee.

  • Average Annual Bonus means the average of the annual bonuses (if any) from the Company earned by the Executive with respect to the Bonus Fiscal Years during all or any portion of which the Executive was employed by the Company; and, provided, further, that, if the Executive was not employed by the Company during all or any portion of any of the Bonus Fiscal Years, “Average Annual Bonus” means zero.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Average annual payroll means the average of the annual

  • Structured settlement annuity means an annuity purchased in order to fund periodic payments for a plaintiff or other claimant in payment for or with respect to personal injury suffered by the plaintiff or other claimant.

  • Annuity Starting Date means, with respect to any Participant, the first day of the first period for which an amount is paid as an annuity, or, in the case of a benefit not payable in the form of an annuity, the first day on which all events have occurred which entitles the Participant to such benefit.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Non-Elective Contribution means the Employer contributions to the Plan excluding, however, contributions made pursuant to the Participant's deferral election provided for in Section 4.2 and any Qualified Non-Elective Contribution used in the "Actual Deferral Percentage" tests.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Early Opt-in Election means the occurrence of:

  • ANNUITY DATE The date on which Annuity Payments begin. The Annuity Date is shown on the Contract Schedule. ANNUITY OPTIONS: Options available for Annuity Payments.

  • Group Annuity Contract means a master contract providing annuities to a group of persons under a single con- tract.

  • Special Enrollment Period means a period of time allowed under this Plan, other than the eligible person’s Initial Enrollment Period or an Open Enrollment Period, during which an eligible person can request coverage under this Plan as a result of certain events that create special enrollment rights.

  • Retirement Benefit means the benefit set forth in Article 5.