Final benefit definition

Final benefit means the amount payable to a beneficiary under the Defined Benefit Supplement Program upon the death of the member.
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Final benefit means the benefit granted once a final determination has been made as to the actual monthly amount payable by the retirement system.
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Final benefit. ’ means the amount payable to
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Examples of Final benefit in a sentence

  • Final benefit determination will be made when we process your claims.

  • Final benefit amount is subject to the terms and conditions of the riders.

  • Final benefit monitoring and evaluation (BME) survey results indicate that the Project succeeded in facilitating the involvement of women, particularly with respect to their access to and sharing in project benefits.

  • Final benefit calculation and payment of monthly retirement benefit for the following: Patrick Raboczkay,Troy Cox, and Eric Godlewski.

  • Final benefit determination will be made upon receipt of the claim.

  • Final benefit review determination, opinion, or order of an arbitrator or administrative law judge determining liability for benefits, or order approving settlement agreement.

  • Final benefit amount is subject to the terms and conditions of the riders.4The amount that may be available through loans and withdrawals, as defined in the contract.5Any policy withdrawals, loans and loan interest will reduce policy values and benefits.

  • Final benefit determination is pursuant to verified date and to the provisions of Chapter 40, Articles 1, 15, and 20 of the Illinois Compiled Statutes.

  • Final benefit decisions on proposed changes and annual updates are made by the president of the university.

  • Final benefit determination is made upon receipt of claim for actual services rendered, subject to all terms and conditions of the Plan.SCHEDULE OF BENEFITS Network Provisions The Plan contracts with a Preferred Provider Network to provide you with discounts and consistency of quality.

Related to Final benefit

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Special benefit means a particular and distinct benefit over and above general benefits conferred on real property located in the district or to the public at large. General enhancement of property value does not constitute “special benefit.”

  • 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.

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

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

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

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

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarial equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or Qualified Joint and Survivor Annuity) to which the Participant would be entitled under the terms of the Plan assuming:

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • 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.

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

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

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

  • Service benefit means the credit toward retirement benefits as determined by the

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Change in Control Benefit means the benefit described in Section 2.4.

  • Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.

  • Disability Benefit means the benefit set forth in Article 8.

  • Societal benefits charge means a charge imposed by an electric

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

  • relevant benefit means any benefit specified in paragraph 21(2); and

  • Final compensation of a member means:

  • Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works.