Premium Payment Year definition

Premium Payment Year means the plan year for which the premium is being paid. For example, since this document relates to premium filings for plan years beginning in 2018, all references to “Premium Payment Year” relate to plan years beginning in 2018.
Premium Payment Year means the plan year for which the premium is being paid.
Premium Payment Year means the year for which the Basic Premium and UDSC Premium (if applicable) have been paid, and such period shall count as from the Policy Date with respect to Basic Premium, and from the Commencement Date with respect to the Unit Deducting Supplementary Contracts. Any period of premium holiday will be excluded from the counting of Premium Payment Year.

Examples of Premium Payment Year in a sentence

  • A Participant shall pay the Participant Premium for each Policy Year which is a Premium Payment Year for the Participant.

  • The Employer shall pay the Employer Premium for a Participant's Policy within thirty (30) days of the beginning of each Policy Year which is a Premium Payment Year.

  • The due date is the 15th day of the 10th full calendar month that begins on or after the first day of the Premium Payment Year.

  • Below are the tests that could be carried out for the benefit of the material standarisation.

  • The Employer may, but shall not be required to, make additional premium payments with respect to a Participant's Policy after the last Premium Payment Year.

  • To provide consecutive Fit Notes to cover the whole period of absence prior to the previous Fit Note lapsing, where there is a continuing sickness absence, even if this covers periods of holidays or school closure.

  • Assets Distributed Pursuant to a Standard TerminationFor the Premium Payment Year in which all plan assets are distributed pursuant to a standard termination, it is possible that the employer will be out of business or plan records and personnel will not be available by the Normal Premium Due Date.

  • Mountings and amateur radio towers should be no taller than the minimum required for the purposes of obtaining an obstruction‐free reception window.

  • The Corporate budget pressures and savings relate to inflation costs, which are being offset by procurement savings, the capital financing costs for the Voluntary Early Retirement (VER) and Voluntary Severance Scheme (VSS), which are being offset by savings elsewhere in the capital financing budget, and savings achieved in the levies from the Integrated Transport Authority and Waste Disposal Authority.

  • The date on which Participants are counted is called the “Participant Count Date.” Participant Count DateIn general, the Participant Count Date is the last day of the Prior Premium Payment Year.


More Definitions of Premium Payment Year

Premium Payment Year means, with respect to a Policy, a year listed as a Premium Payment Year for the Policy in the Agreement.
Premium Payment Year means the plan year for which the premium is being paid. “Premium Regulations” means PBGC’s regulations on Premium Rates and Payment ofPremiums (29 CFR Parts 4006 and 4007). The premium filing procedures (including the My PAA electronic filing application, paper instructions, and forms) are prescribed under and implement the Premium Regulations.

Related to Premium Payment Year

  • Payment Year means the calendar year during which the applicable Initial Year Payments or Annual Payments are due pursuant to subsection V.B. Payment Year 1 is 2022, Payment Year 2 is 2023 and so forth. References to payment “for a Payment Year” mean the Initial Year Payments or Annual Payment due during that year. References to eligibility “for a Payment Year” mean eligibility in connection with the Initial Year Payments or Annual Payment due during that year.

  • Premium payment plan means a benefit plan whereby school em- ployees may pay their share of group health plan premiums with pretax dollars as provided in the salary reduction plan under chapter 41.05 RCW pursuant to 26 U.S.C. Sec. 125 or other sections of the Internal Revenue Code.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Assessment year means the period of twelve months commencing on the 1st day of April every year;

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Agreement Year means the period of twelve months beginning on the last date of execution of this Agreement or any anniversary thereof;

  • Premium pay Per the statute, recipients have broad latitude to designate critical infrastructure sectors and make grants to third-party employers for the purpose of providing premium pay or otherwise respond to essential workers. While the interim final rule generally preserves the flexibility in the statute, it does add a requirement that recipients give written justification in the case that premium pay would increase a worker’s annual pay above a certain threshold. To set this threshold, Treasury analyzed data Federal Register / Vol. 86, No. 93 / Monday, May 17, 2021 / Rules and Regulations 26817 from the Bureau of Labor Statistics to determine a level that would not require further justification for premium pay to the vast majority of essential workers, while requiring higher scrutiny for provision of premium pay to higher- earners who, even without premium pay, would likely have greater personal financial resources to cope with the effects of the pandemic. Treasury believes the threshold in the interim final rule strikes the appropriate balance between preserving flexibility and helping encourage use of these resources to help those in greatest need. The interim final rule also requires that eligible workers have regular in-person interactions or regular physical handling of items that were also handled by others. This requirement will also help encourage use of financial resources for those who have endured the heightened risk of performing essential work.

  • relevant year means a year commencing at 00:00 hours on 1 April and ending at 23:59 hours on the following 31 March;

  • Current year means the financial year, which has already commenced, but not yet ended;

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • Employment Year means each twelve-month period, or part thereof, during which Employee is employed hereunder, commencing on the Commencement Date and on the same day of the subsequent calendar year and each consecutive 12 month period thereafter.

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • First Year means the intake group of Students for the most junior class or year in a school.