Examples of Plan Year in a sentence
Withdrawal of a Participant from the Consortium shall be effective only once annually on the last day of the Plan Year.
For example, should the change in the CPI-Los Angeles area be 1.5%, the monthly Benefit shall be increased by 1.5% for the new Plan Year; and should the change in the CPI-Los Angeles be 3.5%, the monthly Benefit shall be increased by the 3% maximum for the new Plan Year.
In the event that a retiree’s actual age or years of service combination does not appear in Appendix 6, the nearest corresponding age or years of service which does appear on Appendix 6 shall be used to determine the retiree monthly benefit amount for the Plan Year 2023.
Prior Plan Year available funds in Member’s HRA’s will be rolled over and made available to each Member each Plan Year.
Benefit means the monthly healthcare subsidy determined for and paid by the County each Plan Year to an eligible Member of the Plan.