Income Payment Plan definition

Income Payment Plan means a plan constituting an agreement with the Pension Fund Manager after retirement enabling withdrawal of the remaining amount in any Individual Pension Account in monthly installments till the age of seventy-five (75) years or as allowed under the Rules;
Sample 1Sample 2Sample 3
Income Payment Plan means a plan to enter into an agreement with the Pension Fund Manager after retirement enabling withdrawal of the remaining amount, in monthly installments, as per the rules;
Sample 1Sample 2Sample 3
Income Payment Plan means a plan to enter into an agreement with the Pension Fund Manager after retirement enabling withdrawal of the remaining amount, in monthly instalments till the age of seventy-five years or such other period as allowed under the Rules.
Sample 1Sample 2Sample 3

Examples of Income Payment Plan in a sentence

  • INCOME PAYMENT PLAN - The plan shown on page 3 which along with the Age and sex of the Annuitant(s) determines the amount and duration of benefits available under this Policy.


More Definitions of Income Payment Plan

Income Payment Plan means a plan constituting an agreement with the Pension Fund Man- ager after retirement enabling withdrawal of the remaining amount in any Individual Pension Account in monthly installments as allowed under the Applicable laws.
Sample 1Sample 2
Income Payment Plan means a plan constituting an agreement with the Pension Fund Manager after retirement enabling withdrawal of the remaining amount in any Individual Pension Account in monthly installments for fifteen (15) years from the date of retirement or as allowed under the Rules;
Sample 1Sample 2
Income Payment Plan means a plan to enter into an agreement with the Pension Fund Manager after retirement enabling withdrawal of the remaining amount, in monthly installments till the age of seventy-five years or earlier.
Sample 1Sample 2
Income Payment Plan. [Joint Life - Life Income: Income Payments will be made for as long as both the Annuitant and the Joint Annuitant are alive. At the first death of the Annuitant and the Joint Annuitant, survivor Income Payments will be made to the named Payee for the remainder of the surviving Annuitant's or Joint Annuitant's life.]
Sample 1Sample 2

Related to Income Payment Plan

  • Payment Plan means the schedule of payment prescribed in Schedule C;

  • Premium payment plan means a benefit plan whereby state and

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Investment Plan means the document in terms of which the special purpose vehicle will invest in unlisted investments and all matters incidental thereto;

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • 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.