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
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Lump Sum Death Benefit means a lump sum paid under Part 8 (death benefits) on the death of a member;
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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).
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Examples of Lump Sum Death Benefit in a sentence

  • If you are close to or have exceeded the LTA you may wish to consider asking for a Pension Protection Lump Sum Death Benefit (PPLSDB) rather than a Supplementary Death Grant, as the PPLSDB is not a benefits crystallisation event and is not assessed against your LTA.

  • If a pensioner retires after January 1, 1992, he or she may elect an Optional Lump Sum Death Benefit equal to 12 times the monthly normal form pension (Life Only annuity).

  • The Optional Lump Sum Death Benefit is paid for by reducing the pensioner’s monthly payment.

  • I hereby designate the following as contingent beneficiary(ies) of the Lump Sum Death Benefit.

  • The Optional Lump Sum Death Benefit is paid for by reducing the pensioner's monthly payment.


More Definitions of Lump Sum Death Benefit

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).
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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;
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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.
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Lump Sum Death Benefit means the amount payable on the Member’s death at the multiple of the Member’s Final Average Pay chosen by the Designated Employer under Clause 3D (Defined Benefit Arrangement).
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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;
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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.
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Lump Sum Death Benefit means the lump sum payable in the event of a Member's death, the amount and/or calculation of the Lump Sum Death Benefit in respect of each Member will be specified in the Policy and shall include any interest accrued by the Trustee in respect of such amount.
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