Minimum Benefit. The value of this contract is at least equal to the minimum under any nonforfeiture law where this contract has been issued.
Minimum Benefit means the amount of payment, pension or preserved benefit entitlement that is determined to avoid payment of the superannuation guarantee charge.
Minimum Benefit means the benefit described in Section 11.4.
Examples of Minimum Benefit in a sentence
The Minimum Benefit amount will not apply when Disability Benefits are reduced in order to recover any overpayment.
Minimum BenefitWe will pay the Minimum Benefit shown in the Schedule of Benefits despite any reductions made for Other Income Benefits.
The Minimum Benefit will not apply if benefits are being withheld to recover an overpayment of benefits.
The Minimum Benefit will not apply if benefits are being withheld to recover an overpayment of benefits.Other Income BenefitsIf Disability Benefits are payable to you under this Policy, you may be eligible for benefits from Other Income Benefits.
If the Minimum Benefit Age has not been attained, payments will begin on the Rider Anniversary following the attainment of the Minimum Benefit Age.
More Definitions of Minimum Benefit
Minimum Benefit means the benefits determined in accordance with section 14A of the Pension Funds Act;
Minimum Benefit means the lowest full monthly amount of SNAP that an eligible one or two person assistance group may receive. By law, this amount is eight per cent of the maximum allotment for an assistance group containing one member, rounded to the nearest dollar.
Minimum Benefit means the minimum benefit calculated under Section 4.7 for a Participant who is not a Grandfathered Participant.
Minimum Benefit means the minimum monthly amount of benefits that one- and two-person households receive. The amount of the minimum benefit is equal to eight percent of the maximum monthly allotment for a one-person household. See 7-F, Exceptions to Benefit Level.
Minimum Benefit means the benefit determined pursuant to Section 7.4(a).
Minimum Benefit means the minimum amount of benefits issued to one- and two-person households that are eligible for assistance, but whose issuance calculates to less than the federally prescribed minimum allotment.
Minimum Benefit means a Retirement Benefit derived from a Final Average Pay Formula that was frozen. By way of clarification, this is a formula under which a Participant had accrued benefits but was no longer actively accruing benefits immediately prior to the date of his/her Separation from Service, provided that it shall not include the Morgan Benefit or a frozen benefit based on an interest rate or actuarial factors.