Deferred Supplemental Pension definition

Deferred Supplemental Pension means the pension benefits, calculated in accordance with the terms of Article 13, to which a Participant becomes entitled as a result of credited service while a Participant of the Plan.
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Deferred Supplemental Pension means the Supplemental Benefit, calculated in accordance with the terms of this Supplemental Plan, to which a Participant becomes entitled at Termination after meeting the vesting provisions of Article 3.
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Examples of Deferred Supplemental Pension in a sentence

  • Deferred Participant" means an individual who has ceased to be a Participant but who retains an entitlement to a Deferred Supplemental Pension.

  • Pensionable Earnings pertaining to Pensionable Service prior to the re‐election period shall be indexed at the same rate as applicable to Deferred Supplemental Pension pursuant to subsection 7.03 until the Participant’s subsequent Retirement Date.

  • The Deferred Supplemental Pension of a Deferred Participant shall be increased each January 1 by the same percentage and in the same manner as the indexation provided to vested former members under the Base Plan.

  • The monthly amount of the Deferred Supplemental Pension payable at age 62 shall be determined in accordance with Section 3.5. Section 3.15.

  • A Participant is entitled to a Deferred Supplemental Pension if he has ten (10) Years of Vesting Service or ten (10) Pension Credits with at least one (1) Pension Credit earned on the basis of employment during the Contribution Period beginning on or after January 1, 1993.

  • A Participant who has one (1) hour of Service after December 31, 1997 and has five (5) years of Vesting Service shall be entitled to a Deferred Supplemental Pension.

  • For Retirements on a Deferred Supplemental Pension as of May 1, 1993, the monthly amount of the Early Supplemental Pension is reduced by one-fourth of one percent for each month which the commencement of the pension precedes the Participant’s Normal Retirement Age.

  • A Participant who has one (1) hour of Service after December 31, 1988, is not covered by a Collective Bargaining Agreement, and has five (5) years of Vesting Service shall not be entitled to a Deferred Supplemental Pension unless it begins on or before September 1, 1993.

Related to Deferred Supplemental Pension

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

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

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

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

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • state pension credit means state pension credit under the State Pension Credit Act 2002;

  • Normal Retirement Benefit means an annual benefit equal to One Hundred Fifty Thousand Dollars and No/100 ($150,000.00) per year, payable in accordance with the terms of this Agreement. Beginning on the thirteenth month that the Normal Retirement Benefit is paid, and continuing thereafter until paid in full, the Normal Retirement Benefit shall be increased annually by three percent (3%) from the previous year’s Normal Retirement Benefit amount to account for cost of living increases.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • war pension means a war disablement pension, a war widow’s pension or a war widower’s pension;

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • Parent Benefit Plan means any Employee Benefit Plan maintained by, sponsored by or contributed to by, or obligated to be contributed to by any Parent Group Entity.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Termination Benefit means the benefit set forth in Article 7.

  • occupational pension means any pension or other periodical payment under an occupational pension scheme but does not include any discretionary payment out of a fund established for relieving hardship in particular cases;

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

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

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee’s account under any plan of an Employer or a Related Company solely on account of “elective contributions” made on his behalf or “employee contributions” made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • 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.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Canadian Defined Benefit Pension Plan means a Canadian Pension Plan which contains a “defined benefit provision,” as defined in subsection 147.1(1) of the Income Tax Act (Canada).