Plan Formula definition

Plan Formula means the formula used to calculate the annual lifetime retirement income in respect of Credited Service, prior to the application of the Maximum Formula, as set out in Section 3.06 of Part 3.
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Plan Formula means the formula for computing the monthly amount of the benefit payable under the Pension Plan, as amended from time to time, that is applicable to the Eligible Participant whose benefit under this Executive Pension Plan is being computed.
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Plan Formula means the formula used to calculate the Plan benefits in respect of Credited Service before limiting it to the benefits calculated under the Maximum Formula, as set out in Section 8.01.
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Examples of Plan Formula in a sentence

  • For all employees who have elected to participate in the Retirement Plan of the Catholic Health System as of the date of ratification of this Agreement, they shall be grandfathered into their current Plan Formula and the Employer shall continue to provide the Retirement Plan of the Catholic Health System at no cost to those eligible employees.

  • Very truly yours, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Director – Labor Relations I Concur: ▇▇▇▇▇ ▇▇▇▇▇▇▇ Mr. ▇▇▇▇▇ ▇▇▇▇▇▇▇ President - TWU ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ Elmsford, NY 10523 Re: Pension Plan Formula Amendments Dear ▇▇.

  • Cash Balance Plan Formula: The Company will credit the participants' cash balance account with a flat dollar amount of $5,000 per year and such credit will be applied at the end of each plan year.

  • Benefits - Disability benefits (See Plan Formula) will begin following the exhaustion of an employee's sick days and will continue until the employee's disabling sickness or injury no longer meets the definition defined by the District's long-term disability policy, when the employee becomes eligible for long- term disability, or until the end of the current school year whichever occurs first.

  • Acknowledgment iii SCOPE OF SERVICES 5 Project Management Approach 15 R4 Process 15 Planning 17 Project Management Services 19 Quality Plan 19 UDP Management Plan Formula 23 REQUEST FOR PROPOSAL | SOLICITATION NO.

  • For the purposes of this Plan, Formula Retail shall be defined as a business with more than 11 locations within the United States.

  • I * As calculated under Pension Plan Formula Definition of An employeeis eligiblefor Long Term Disability Benefits, when after April he has completed (52) weeks of weekly indemnity payments and continues to be incapacitated.

  • Tier 1 - The County’s current contract with CalPERS provides for the 2% at age 50 Retirement Plan Formula with benefits based on the employee’s single highest year of compensation (FAE1) for employees hired on or before June 8, 2012.

  • Tier 1 - The County's current contract with CalPERS provides for the 2% at age 50 Retirement Plan Formula with benefits based on the employee's single highest year of compensation (FAE1) for employees hired on or before June 8, 2012.

  • As calculated under Pension Plan Formula An employee is eligible for Long Term Disability Benefits when, after April he has completed fifty-two (52) weeks of Weekly Indemnity Payments and to be incapacitated.