DB Member definition

DB Member means a Member who is accruing Credited Service under the DB Provisions.
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DB Member means a Member other than a DC Member.
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DB Member means a Member who participates in the DB Provisions in accordance with Section 3.05.
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Examples of DB Member in a sentence

  • DB Member means a Member of the Scheme who was a contributing Member of the Ministers’ Fund on 31 December 2011 and so has an entitlement to benefits from the DB Plan within the Scheme.

  • Required contributions made by a DB Member in a year shall not exceed the maximum permitted under paragraph 8503(4)(a) of the Income Tax Regulations.

  • A DB Member shall be eligible for normal retirement upon attaining age 60 or older with 8 or more years of credited service, or age 50 or older with 25 or more years of credited service.

  • The Actuary shall prepare a report to the University that shows the Transfer Value for each transferring DB Member and describes the methods and assumptions used in determining such Transfer Value.

  • A DB Member or DB/DC Member with a Spouse who has waived, in the prescribed manner, her right to 60% of the Member’s retirement income following his death, shall receive his retirement income in accordance with paragraph 26.01(a).

  • For any DC Member or DB Member who is employed on a less than full-time basis (other than one on a Reduced Appointment) in respect of which the University is to make regular contributions to the Fund under this paragraph 4.1(a), the University shall make the required contributions in accordance with sub-paragraphs (i), (ii), (iii), (iv), (v), and (vi) above, as applicable, based on the actual salary earned by such DC Member or DB Member, as the case may be, rather than based upon the Basic Salary.

  • The University shall make the required contributions under this paragraph 4.1(a) for any DC Member or DB Member on a Reduced Appointment as if such DC Member or DB Member, as the case may be, was employed on a full-time basis.

  • Accordingly, this Paragraph 18.7 applies to any DB Member or Pensioner (or beneficiary thereof) who has not received the full payment before May 1, 2010 of a lump sum amount that he or she is entitled to receive under the Superintendent’s Order or pursuant to Paragraph 18.1 or Paragraph 18.2 of the Plan.

  • For a DB Member, from and after January 1, 2012, the contributions shall be determined by applying the contribution rates in Schedule A applicable to the DB Member to the DB Member’s Basic Salary.

  • Except as otherwise set forth in this Section 2(C), with respect to an employee who was a DB Member and entered the Deputy Sheriffs bargaining unit covered under this Agreement prior to July 1, 2013, the monthly benefit formula shall equal two and one-half (2.5%) percent of the DB Member's final average compensation multiplied by his years of credited service, not to exceed seventy-five percent (75%) of final average compensation.


More Definitions of DB Member

DB Member means a Member who accrues or is entitled to benefits under the DB Component.
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DB Member means a Member who was accruing benefits under one of the DB Sections of the Scheme on 31 March 2011.4
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DB Member added by deed of amendment dated 30 March 2011 with effect on and from 1 April 2011.
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DB Member means a person, who is a member of the Dispute Board and with whom DBMA is concluded.
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Related to DB Member

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Founding Member means any individual who is either:

  • Special Member means, upon such person's admission to the Company as a member of the Company pursuant to Section 5(c), a person acting as Independent Director, in such person's capacity as a member of the Company. A Special Member shall only have the rights and duties expressly set forth in this Agreement.

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

  • Active member means a member of the pension program or the individual account program

  • Full Member means any person who is in one of the categories of membership referred to in Rule 10.3.

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.

  • Class A Member means a Member holding one or more Class A Ordinary Shares.

  • Life Member means an Individual appointed as a Life Member of the Club under clause 5.2.

  • Former Member means a member that has withdrawn from a qualified authority under this section or a prior member of a qualified authority that has been dissolved under this section.

  • Unit Holder means the owner of one or more Units.

  • Managing Member is defined in the recitals to this Agreement.

  • Staff member means a staff member as defined in section 1(1) of the Public Service Act, 1995 (Act No. 13 of 1995);

  • Lead Member shall, in the case of a joint venture, mean the member of such joint venture who shall have the authority to bind the contractor and each member of the Joint venture; and shall be deemed to be the Contractor for the purposes of this Agreement; the Lead Member shall itself undertake and perform at least 51% (fifty one per cent) of the total length of the Project Highway;

  • Inactive member means a member of the pension program or the individual account pro-

  • Associate Member means a person appointed to perform specific statutory and non-statutory duties which have been delegated by the Trust Board for them to perform and these duties have been recorded in an appropriate Trust Board minute or other suitable record.

  • Deferred member means a person who elected to receive deferred vested retirement