Current benefit definition

Current benefit means the annual payment currently paid on behalf of a member. It includes, where applicable, the permanent benefit increase granted by Ordinance 99566 and Ordinance 104156. It takes into account any reductions based on options selected by the member under Section 4.36.260. It shall also mean payments of accumulated contributions made under Subsection 4.36.270 B, and payments received by a beneficiary as a result of an option selected under Section 4.36.260. It shall not include the cumulative cost of living adjustments provided for in Subsection 4.36.215 B1.
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Current benefit means the annual payment currently paid on behalf of a member. It includes, where applicable, the permanent benefit increase granted by Ordinance 99566 and Ordinance 104156. It takes into account any reductions based on options selected by the member under Section
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Current benefit means the annual pay- ment currently paid on behalf of a member. It includes, where applicable, the permanent benefit increase granted by Ordinance 99566 and Ordi- nance 104156. It takes into account any reductions based on options selected by the member under Section 4.36.260. It shall also mean payments of accumulated contributions made under Section
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Examples of Current benefit in a sentence

  • Prescription Drug Plan – Current benefit levels will be maintained subject to change under Section 20.3 of this Article, Benefits Committee.

  • Current benefit plans will be made available to a teacher while he/she is on an Extended Parental Leave subject to the teacher paying the full cost of these benefits.

  • Current benefit associated with manufacturing employees is included in the cost of inventory produced as described above in paragraph d).

  • Current benefit levels shall remain in effect, however, any new or existing benefits shall be modified to meet the specifications set forth.

  • Current benefit plans will be made available to an employee while he/she is on an Extended Parental Leave subject to the employee paying full cost of these benefits.

  • Current benefit plans will be made available to the teacher provided the teacher pays the full cost of the benefit premiums.

  • Current benefit packages for QHPs and FFS also remained the same in the ARHOME renewal waiver.Under the approved structure, the Arkansas Department of Human Services (DHS) makes monthly capitated payments to the QHPs to cover the cost of premiums.

  • Current benefit shares may be the most reliable projection of anticipated benefit shares if the arrangement is along-term arrangement, if it covers a wide variety of intangibles, if the composition of intangibles is unlikely to change, if the intangibles are unlikely to generate unusual profits, and if each participant's share of the market is stable.

  • Current benefit programs include medical, dental, vision care, life insurance, long term disability, short term disability and life insurance.

  • Current benefit plans will be made available to the Teacher while he/she is on a Family Care Leave subject to the Teacher paying the full cost of these benefits.


More Definitions of Current benefit

Current benefit means the benefit determined under the Retirement Plan's benefit formula, including any applicable Limitation on Benefits or Limitation on Compensation, which a person would be eligible to receive if he or she were to terminate employment on a specified date and elect to receive a benefit at the earliest date permitted under the provisions of the Retirement Plan.
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Related to Current benefit

  • 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.

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

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

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • relevant benefit means any benefit specified in paragraph 21(2); and

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • 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:

  • 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.

  • Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.

  • Disability Benefit means the benefit set forth in Article 8.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Actuarial equivalent means a benefit of equal value when

  • Relevant Benefits means any pension, annuity, lump sum, gratuity or other like benefit given or to be given on retirement or death, or in anticipation of retirement.