Examples of Lifetime Pension in a sentence
After Retirement Spouse Lifetime Pension .............................................
Before Retirement Spouse Lifetime Pension ...........................................
A number of bills have been introduced in Congress, which are designed to provide tax incentives to save for retirement through annuities (e.g., Lifetime Pension Annuity for You Act, Retirement Security for Life Act).
The Council shall be the Executive body composed of elected members and those otherwise validly appointed to the Council by the bye -laws.
Except as otherwise required in any applicable law, no amendment will reduce any Normal Retirement Benefit accrued under the Plan before the amendment is adopted, or adversely affect any Retirement Benefit being paid to any Pensioner, any Spouse Lifetime Pension being paid to any Spouse or Surviving Spouse, any Survivor Benefit, some portion of which is being paid, or any Lump Sum Death Benefit payable because of a Plan Member’s death before the amendment.
Where required by the Pension Benefits Act, such transferred amount shall be administered only for the provision of a Lifetime Pension Benefit for the Member or for the provision of Pension Benefits or lump-sum refunds, as applicable, in the event of the death of the Member.
The Review looked at the Lifetime Pension Benefit Calculations of the various plans.
The Surviving Spouse of a Vested Participant who dies before his Pension Effective Date is eligible for a BeforeRetirement Spouse Lifetime Pension.
Lifetime Pension BenefitBenefit may exceed maximum lifetime pension limit under the ITA.Minimum of $2,444 (2009) or 2% of the highest average indexed compensation per year of credited service.HAIC = average of best 3 non-overlapping 12-month periods of indexed compensation.$2,444 limit to be indexed after 2009 in accordance with the average wage.
Provided that with respect to any period for Pensionable Service pursuant to clause 7.2(e) that is prior to 1990 and is a period which was not pensionable service of the member under a defined benefit provision of any registered pension plan, the limitation referred to in subclause (b) above on the Lifetime Pension Benefits shall be two-thirds of the amount otherwise determined by that subclause (b).