lump sum death benefit definition
lump sum death benefit means a monetary amount set by the Board of Trustees of the Arkansas Teacher Retirement System, and paid by the system to one (1) or more lump-sum death beneficiaries; and
lump sum death benefit means a lump sum paid under Part 8 (death benefits) on the death of a member;
lump sum death benefit means any lump sum payable under the account by reason of the settlor’s death (but excludes any lump sum which, under the terms of the account must be paid, other than to the trust).
More Definitions of lump sum death benefit
lump sum death benefit means a lump sum which will become payable in the event of a person dying while paying regular contributions to provide for it;
lump sum death benefit means any lump sum payable under the Plan(s) by reason of the Settlor’s death (but excludes any lump sum which, under the terms of the Plan(s) must be paid otherwise than to the Trust).
lump sum death benefit means Six Hundred Forty Thousand Dollars ($640,000), less the amount of any payments under Paragraphs 2, 3 and 4 actually made to Employee and his provisional payee.
lump sum death benefit means a monetary amount set by the Board of Trustees of the Arkansas Teacher Retirement System (Board), and paid by ATRS to one (1) or more lump-sum death beneficiaries as provided for under Arkansas Code § 24-7-720; and
lump sum death benefit means a lump sum paid under Chapter 4 of Part 8 (payment of lump sum death benefits) on the death of a member;
lump sum death benefit means the amount appearing against the name of the relevant Deferred Pensioner in the column labelled “Lump Sum Death Benefit” in the Schedule.
lump sum death benefit means the Present Value of the Employee Replacement Benefit under Paragraph 4, plus any payments under Paragraph 5 herein less the amount of the Employee Replacement Benefit and any payments under Paragraph 5 actually paid to Employee and his provisional payee. For purposes of the preceding sentence, the "Present Value" of the Employee Replacement Benefit, plus any payments under Paragraph 5, shall be calculated using seven and one-half perce▇▇ (▇ ▇/▇%) ▇▇▇▇▇▇▇▇ and the 1983 Group Annuity Mortality Table with male and female rates averaged determined as of the Employee's Termination Date.