Examples of Excess Retirement Benefit in a sentence
The Participant's election under the Qualified Retirement Benefit (with the valid consent of the Participant’s Spouse where required under the Qualified Plan) shall also be applicable to the payment of the Excess Retirement Benefit.
Any election under the Qualified Plan made by the Participant with respect to the commencement of payment of the Qualified Plan Retirement Benefit shall also be applicable with respect to the commencement of payment of the Excess Retirement Benefit.
No amendment or termination of the Arrangement shall directly or indirectly deprive any current or former Participant or Beneficiary of all or any portion of any Excess Retirement Benefit or Excess Beneficiary Benefit payment that has commenced prior to the effective date of such amendment or termination or any Participant’s accrued benefit hereunder, on such effective date.
Except as otherwise expressly provided herein, all terms and conditions of the Qualified Plan applicable to a Qualified Plan Retirement Benefit or a Qualified Plan Beneficiary Benefit shall also be applicable to an Excess Retirement Benefit or an Excess Beneficiary Benefit payable hereunder.
The Excess Retirement Benefit payable to a Participant shall be paid in the same form under which the Qualified Plan Retirement Benefit is payable to the Participant.
Payment of the Excess Retirement Benefit to a Participant shall commence on the same date as payment of the Qualified Plan Retirement Benefit to the Participant commences.
Participant who is eligible to receive a Qualified Plan Retirement Benefit, the amount of which is reduced by reason of the application of the limitations on benefits imposed by application of Section 415 of the Code, as in effect on the Participant’s Annuity Starting Date, or as in effect at any time thereafter, to the Qualified Plan shall be eligible to receive an Excess Retirement Benefit.
The Excess Retirement Benefit payable to an eligible Participant shall be a monthly amount equal to the difference between subparagraphs (i) and (ii) below.
Total RateBreakdown of Rate TypeRetiree Disability QualifiedHealth Income Death Supplemental Excess Retirement Benefit Plan Benefit Retirement^ BenefitTSERS General^The “Supplemental Retirement” contributions for State Law Enforcement Officers are paid to Prudential for the NC 401(k) Plan.
Employer Contribution Rates for Retirement, Health, and Related BenefitsRates effective July 1, 2018 through June 30, 2019S.L. 2017-57Section 35.19 FISCAL YEAR 2019 Total RateBreakdown of Rate TypeRetiree Disability QualifiedHealth Income Death Supplemental Excess Retirement Benefit Plan Benefit Retirement^ BenefitTSERS General^The “Supplemental Retirement” contributions for State Law Enforcement Officers are paid to Prudential for the NC 401(k) Plan.