Defined Benefit Limit definition

Defined Benefit Limit for a calendar year means,

Defined Benefit Limit means $1,722.22 for years before 1996 and, for years after 1995, the greater of $1,722.22 or one-ninth of the Money Purchase Limit for the year;

Defined Benefit Limit means defined benefit limit, as that term is defined in subsection 8500(1) of the regulations under the Income Tax Act.

Examples of Defined Benefit Limit in a sentence

• Notwithstanding the foregoing and effective on and after the Effective Date, Earnings for purposes of the Plan in any Plan Year shall not exceed the amount that would result in accrual of a benefit equal to the Defined Benefit Limit (as defined in Section 6.09) for that Plan Year.

• However no further employee contributions shall be deducted from the Member's Employment Earnings in a Taxation Year when the Member’s Employment Earnings exceed the amount determined by the Board to correspond to the Defined Benefit Limit for the year.

• The amount of annual lifetime pension plus the amount of annual bridge benefit provided before age 65 under this Article 8 in respect of pensionable service after December 31, 1991 shall not exceed the Defined Benefit Limit for the year in which the pension commences to be paid plus the product of 1/35 x 0.25 x the average of the final three calendar years of pensionable Salary up to the YMPE.

• This limit is also imposed in determining the Annual Defined Benefit Limit (above).

• InflationThe inflation assumption has a direct bearing on the assumption with respect to active member salary increases, and increases in the YMPE and Defined Benefit Limit.

More Definitions of Defined Benefit Limit

Defined Benefit Limit for a calendar year means $1,722.22, or such other defined benefit limit for the year as specified in Section 8500 of the Regulations under the Income Tax Act (Canada).

Defined Benefit Limit for a calendar year means $2,646.67 or such greater amount as is permitted under the Income Tax Act.

Defined Benefit Limit for a calendar year means the amount specified for that purpose under the Income Tax Act for that year.

Defined Benefit Limit means in respect of a calendar year prior to 1996, $1,722 and in respect of a calendar year after 1995 such amount as is determined in accordance with Regulation 8500(1) to the Income Tax Act.

Defined Benefit Limit means the amount which is the defined benefit limit determined at the relevant time under the Income Tax Act;

Defined Benefit Limit means “defined benefit limit” as defined in Income Tax Legislation.

Defined Benefit Limit means defined benefit limit as defined in subsection 8500 (1) of the Income Tax Regulations (Canada). (“plafond des prestations déterminées”) 1996, c. 6, Sched. A, s. 10 (3-6).