Other Pension Benefits definition

Other Pension Benefits means any benefits the Participant is entitled to receive or has received from any defined benefit plan as defined in Code Section 414(j) which met the qualification requirements of 401(a) of the Code, and is maintained by any former employer of the Participant, other than the predecessor to People’s Bank which maintained the ERP. Such benefits shall exclude benefits payable pursuant to any plan which the Committee or its delegee finds has been funded primarily by contributions of the Participant, provided that such benefits did not accrue under a plan maintained by the Bank or any corporate predecessor of the Bank. Any such benefit shall be converted to a monthly benefit payable in the form of a single life annuity payable at age sixty-five (65) (unless such benefit is actually paid in such form) using the actuarial factors of the former employer’s plan or, if unavailable, the actuarial factors of the ERP and if applicable, shall include the value of the Participant’s benefit assigned under any qualified domestic relations order described in Code Section 414(p).
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Other Pension Benefits means the sum of the annual amounts payable to the Participant as of the Date of Determination under the Pension Plan and the Supplemental Pension Benefit, both expressed in the Normal Form of Benefit.
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Other Pension Benefits means benefits paid or payable to a Participant from the Company's Pension Plan, the Restoration of Retirement Income Plan for Certain Participants in the Retirement Plan for Employees of Oklahoma Gas and Electric Company, the qualified or nonqualified pension plans of any prior employer unrelated to the Company, or any governmental or church pension plan as defined in Sections 3(32) and 3(33) of the Employee Retirement Income Security Act of 1974; excluding, however, any portion of such benefits attributable to the Participant's own contributions as determined by the plan's administrator or other responsible agent. Regardless of the form, amount or timing of payment, "Other Pension Benefits" shall be calculated by the Company's actuary as of the Participant's commencement of benefits under this Plan on the basis of a 100% joint and survivor annuity for married Participants, and on the basis of a 10-year certain and life annuity for unmarried Participants.
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Examples of Other Pension Benefits in a sentence

  • If you have answered 'Yes' to both questions B6.1 & B6.2 or you only have a Managed Pension Policy, you do not need to complete Section G: Other Pension Benefits.

  • Complete the Other Pension Benefits section on the next page (and section G if applicable).(You are not required to complete Section G if you only have an Equitable Managed Pension Policy, a State pension, or a widow's/widower's dependant's benefits ) B4.

  • The normal retirement benefit shall be equal to the difference, if any, between (i) the Participant's Total Benefit, and (ii) the Participant's Other Pension Benefits.

  • Other Pension Benefits InformationPlease read the questions below and select 'Yes' or 'No' as appropriate.You can ignore any widow's/widower's/dependant's benefits you are receiving and any state pension benefits due or in payment.

  • Other Pension Benefits – Supplemental Stipend The District has one former employee that is receiving a stipend benefit in retirement.

  • If you have answered 'No' to either question B6.1 or B6.2 we are required by HMRC to obtain further information, therefore please complete Section G - Other Pension Benefits of this form.

  • Please note a PCLS cannot be taken from a Managed Pension Policy or by a policyholder who attained age 75 prior to 6 April 2011.C2.2 Complete the 'Other Pension Benefits Information' in Section C4 of this form.

  • The following sets forth the funded status of the plans and amounts recognized on FirstEnergy's Consolidated Balance Sheets as of December 31: Other Pension Benefits Postretirement Benefits ---------------- ----------------------- 2002 2001 2002 2001 ---------------------------------------------------------------------------------------------- (In millions) Change in benefit obligation: Benefit obligation as of January 1.......

  • The following sets forth the funded status of the plans and amounts recognized on FirstEnergy's Consolidated Balance Sheets as of December 31: Other Pension Benefits Postretirement Benefits ---------------- ----------------------- 2002 2001 2002 2001 -------------------------------------------------------------------------------------------------------- (In millions) Change in benefit obligation: Benefit obligation as of January 1...............

  • Other Pension Benefits Retiree Benefits ---------------- ---------------- Years Ended June 30 ----------------------------------- 1998 1997 1998 1997 ========================================================================== WEIGHTED AVERAGE ASSUMPTIONS Discount rate 7.0% 7.2% 6.8% 7.5% Expected return on plan assets 9% 9% 9% 9% Rate of compensation increase 5% 5% - - Initial health care cost trend rate* - - 8% 9% *Assumed to decrease gradually to 5% in 2006 and remain at that level thereafter.

Related to Other Pension Benefits

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • superannuation benefit means any payment, other than a refund of contributions, made to a dentist by virtue of the application of the (a) National Health Service Pension Scheme Regulations 1995; or (b) the National Health Service Superannuation Scheme (Scotland) Regulations 1995 or (c) the corresponding provisions of the law in force in Northern Ireland; as a result of his providing general dental services;

  • Pension Benefits Act means The Pension Benefits Act of Ontario and regulations thereunder as amended from time to time.

  • Termination Benefit means the benefit set forth in Article 7.

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • war pension means a war disablement pension, a war widow’s pension or a war widower’s pension;

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • SERP Benefit means the benefit described in Section 5.1.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Employment benefits means all benefits provided or made

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Disability Benefit means the benefit set forth in Article 8.

  • Disability benefits means any cash payments which are payable to a covered individual for all or part of a period of disability pursuant to P.L.1948, c.110 (C.43:21-25 et al.).

  • Disability Support Pension means the Commonwealth pension scheme to provide income security for persons with a disability as provided under the Social Security Act 1991, as amended from time to time, or any successor to that scheme.

  • Regular benefits ’ means benefits payable to an individual under this act or under any other state law, including benefits payable to federal civilian employees and to ex-servicemen pursuant to 5 U.S.C. chapter 85, other than extended benefits.

  • Canadian Defined Benefit Pension Plan means a Canadian Pension Plan that contains or has ever contained a “defined benefit provision” as such term is defined in Section 147.1(1) of the Income Tax Act (Canada).

  • Multiemployer Pension Plan means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which Borrower or any member of the Controlled Group may have any liability.

  • Foreign Benefit Law means any applicable statute, law, ordinance, code, rule, regulation, order or decree of any foreign nation or any province, state, territory, protectorate or other political subdivision thereof regulating, relating to, or imposing liability or standards of conduct concerning, any Employee Benefit Plan.

  • state pension credit means state pension credit under the State Pension Credit Act 2002;

  • Disability allowance means monthly payments during

  • Additional Benefits means quantifiable and verifiable enhancement of conservation of biodiversity and/or improvement of local livelihoods realized as a result of implementation of the REDD activities;