Guaranteed benefit definition

Guaranteed benefit means the benefit under the 1993 scheme to which a person who is a contributor would have become entitled as mentioned in section 83N if the person had been a member of that scheme in respect of the employment by reason of which the person is a contributor;

Guaranteed benefit means the portion of a retired system member’s or the retired System member’s beneficiary’s monthly benefit derived from the guaranteed account balance and calculated at the time of retirement.

Guaranteed benefit means a benefit

Examples of Guaranteed benefit in a sentence

• This Guaranteed benefit is subject to a check against your Lifetime Allowance (LTA) and may mean your beneficiaries are left with an LTA charge to pay.

• Guaranteed benefit reserve guarantees a certain level of the insurance claims considering expected loss in the future.

• In his application for benefits submitted to TRA, [Redacted] selected a Life C-3 15 Years Guaranteed benefit option.65 A Life C-3 15 Years Guaranteed benefit option is not a straight life annuity; that option is identified by TRA as a Life A-1 No Refund option.66 62.

• A “0” under the Guaranteed benefit account value column at age 95 indicates that the “Greater of” death benefit has terminated due to insufficient account value.

• Guaranteed benefit election ------------------------------- THE ELECTIONS MADE IN THIS SECTION CANNOT BE CHANGED AFTER THE CONTRACT HAS BEEN ISSUED.

• Also, the tables illustrate that$60,000 is allocated to the Guaranteed benefit variable investment options, and $40,000 is allocated to theNon-Guaranteed benefit variable investment options.

• Sick/Vacation payout?)  Significant Value to Employee  Guaranteed benefit, no investment decisions/risk  Gains the most value from participation in the years before retirement (highest salary).

• Guaranteed benefit payments must be made so the bonds chosen must have a low risk of default, this suggests government bonds and high-quality corporate stock.The trustees will wish to maximise net (of expense and tax) return, they will look for bonds which are “cheap”, in particular given the tax treatment of the scheme which may differ from that of the average investor.

• It’s usually very cheap to purchase.• Whole Life Insurance: Guaranteed benefit to your family at any age you die.

• Table 12: Guaranteed benefit levels, 10 year breakeven inflation rates and 10year real yields for four economies.

More Definitions of Guaranteed benefit

Guaranteed benefit means guarantee in the form of ‘return of all contributions made (Net of benefit payments, if any)’ at the point of exit. Guarantee for every contribution shall be applicable only after one year from the date of that contribution and the Guaranteed Benefit in respect of that contribution is return of contribution net of benefit payments, if any.