Defined Benefit Category definition

Defined Benefit Category means the category described in clause 2.3.1(c) and to which the Rules in Schedule C apply.
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Examples of Defined Benefit Category in a sentence

  • A Member of the Defined Benefit Category may apply to the Trustee to become a Member of an Accumulation Category if the Member completes an application acceptable to the Trustee and they are employed by an Employer.

  • If a change of the type described in clause 9.7.1(b) is to be made relating to an Accumulation Category or the Defined Benefit Category and the change will or may increase any liability of an Employer to contribute to the Fund, the change may not be made unless the Employer consents.

  • If the Defined Benefit Category is terminated in accordance with clause 20.1 or the Trustee otherwise determines that it is appropriate to do so, the Trustee will determine the priority of claims for payment from the Category of pensions, lump sum benefits, refunds of contributions and any other benefits required or authorised to be paid under the New South Wales Act and the Trust Deed.

  • If clause 9.7.3 cannot be satisfied, a Member of the Defined Benefit Category may apply to the Trustee for the amount of his or her benefit calculated under the Trust Deed to be transferred to an Approved Benefit Arrangement.

  • Defined Benefit Category *The total asset value includes advance credit for the future contributions paid directly by Coal Services on a pay as you go basis in respect of the pre 2000 pensions (refer to Sections 1, 2 and 9).

  • There are three components to the pension payments in the Defined Benefit Category: 1.

  • These benefits are now provided under the Defined Benefit Category of the Fund.

  • Accordingly the Defined Benefit Category was considered to be in a “satisfactory financial position” under SIS legislation.

  • As mentioned above, this Defined Benefit Category provides benefits for pre 3 January 1993 service.

  • The volatility of the Defined Benefit Category’s investment returns will therefore affect the financial position of the Defined Benefit Category from year to year and is likely to impact on the required level of Employer contributions.

Related to Defined Benefit Category

  • Defined Benefit Plan means each Benefit Plan which is subject to Part 3 of Title I of ERISA, Section 412 of the Code or Title IV of ERISA.

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

  • Canadian Defined Benefit Pension Plan means a Canadian Pension Plan that contains or has ever contained a “defined benefit provision” as such term is defined in Section 147.1(1) of the Income Tax Act (Canada).

  • Medical Benefits Schedule means the Medicare Schedule of Benefits produced by the Department of Health to which all fees and benefits relate for inpatient hospital services.

  • Societal benefits charge means a charge imposed by an electric

  • Qualified Benefit Plan has the meaning set forth in Section 3.20(c).

  • Net Benefits Test means a calculation to determine whether the benefits of a reduction in price resulting from the dispatch of Economic Load Response exceeds the cost to other loads resulting from the billing unit effects of the load reduction, as specified in Operating Agreement, Schedule 1, section 3.3A.4 and the parallel provisions of Tariff, Attachment K-Appendix, section 3.3A.4. Net Cost of New Entry:

  • Final compensation of a member means:

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Defined Contribution Plan A retirement plan which provides for an individual account for each participant and for benefits based solely on the amount contributed to the participant's account, and any income, expenses, gains and losses, and any forfeitures of accounts of other participants which the plan may allocate to such participant's account. The Advisory Committee must treat all defined contribution plans (whether or not terminated) maintained by the Employer as a single plan. Solely for purposes of the limitations of Part 2 of this Article III, the Advisory Committee will treat employee contributions made to a defined benefit plan maintained by the Employer as a separate defined contribution plan. The Advisory Committee also will treat as a defined contribution plan an individual medical account (as defined in Code Section 415(l)(2)) included as part of a defined benefit plan maintained by the Employer and, for taxable years ending after December 31, 1985, a welfare benefit fund under Code Section 419(e) maintained by the Employer to the extent there are post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code Section 419A(d)(3)).

  • Benefit Amount shall have the meaning set forth in Section 20.12 hereof.

  • Base Earnings means base salary and wages payable by the Company or a Participating Subsidiary to an Eligible Employee, prior to pre-tax deductions for contributions to qualified or non-qualified (under the Code) benefit plans or arrangements, and excluding bonuses, incentives and overtime pay but including commissions.

  • Final Average Earnings means (a) divided by (b) as follows:

  • specific learning disabilities means a heterogeneous group of conditions wherein there is a deficit in processing language, spoken or written, that may manifest itself as a difficulty to comprehend, speak, read, write, spell, or to do mathematical calculations and includes such conditions as perceptual disabilities, dyslexia, dysgraphia, dyscalculia, dyspraxia and developmental aphasia;

  • Continuing care retirement community means a residential