Primary Social Security definition

Primary Social Security means the estimated primary insurance amount under the Social Security law in effect on December 31, 1991.
Sample 1Sample 2Sample 3
Primary Social Security means the monthly benefit which a retired Member or a terminated Member receives or would be entitled to receive at his 62nd birthday, or in the case of a Member who terminates employment after age 62, at the date his Benefit Service terminates as a primary insurance amount under the U.S. Social Security Act, as amended, whether he applies for such benefit or not, and even though he may lose part or all of such benefit for any reason. The amount of such Primary Social Security to which the retired or terminated Member is or would be entitled shall be estimated and computed by the Company for the purposes of the Plan as of the January 1 of the calandar year of retirement or termination on the following basis:
Sample 1Sample 2
Primary Social Security means the annual amount payable at age 65 under the Social Security law in effect at retirement. If the Executive terminates employment prior to age 65, the Primary Social Security benefit is estimated assuming that the Social Security Law does not change and earnings are constant until age 65 at the level during the last full calendar year of employment.
Sample 1

Examples of Primary Social Security in a sentence

  • In addition, the benefit is reduced by 50% of the Primary Social Security Retirement benefit at age 62.

  • A Participant who is entitled to an Early Retirement Benefit under Section 3.2 and who elects to have such benefit commence prior to age 62 may elect the Level Income Option, unless the Primary Social Security Benefits which the Participant could elect to receive at age 62 would equal or exceed the amount of the monthly annuity payments prior to age 62 or unless the Participant is receiving Social Security disability benefits.

  • In addition, any AT&T SERP Participant whose SERP Effective Date is on or after January 1, 2009 shall have his Pension Plan benefit and Primary Social Security benefit calculated and frozen as of his AT&T SERP Effective Date.

  • Complete this section unless you are declining coverage Primary Social Security Number RelationshipShare to each (% or $Payment Option (Lump sum* or 36 equal monthly Name and Address (If available) to youamounts)payments) 1.

  • The Tier 3 benefit formula includes an offset starting at age 62 equal to 50% of the Primary Social Security benefit, and c.

  • An AT&T SERP Participant whose SERP Effective Date is prior to January 1, 2009 shall have his Pension Plan benefit and Primary Social Security benefit calculated and frozen as of his AT&T SERP Vesting Date for purposes of calculating this Plan’s benefit.

  • If an Eligible Employee has an Early Retirement and elects to have his or her pension begin before age 65, in addition to the reduced monthly pension as provided in (b)(2), with each monthly payment prior to age 65, the Eligible Employee shall receive a supplemental benefit equal to (i) 50% of his or her Primary Social Security Benefit; multiplied by (ii) the fraction described in Sec.

  • Subject to 2.1-2, 2.1-3 and 2.1-6, the basic supplemental benefit on normal retirement with 20 Years of Benefit Service (YBS) shall be a monthly pension for life equal to 60 percent of Final Average Pay (FAP) minus the Retirement Plan Benefit (RPB) and the Primary Social Security Benefit (PSSB).

  • The Primary Social Security Benefit shall not adjusted to reflect changes in Title II of the Social Security Act which occur after the earliest of (a) a Participant’s attainment of social security retirement age, (b) a Participant’s termination of employment with the Employer, or (c) the Participant’s first receipt of benefits under the Plan.

  • Starting August 1, 2002, Executive's annual SERP payment, prior to offsets for Primary Social Security and the Sonoco Retirement Plan, will be $536,559.


More Definitions of Primary Social Security

Primary Social Security means the monthly Primary Insurance Amount payable at age 65 under Social Security multiplied by twelve. The Primary Insurance Amount will be calculated as of the date of retirement or termination or as of age 65, if earlier, based upon provisions of the Social Security Act in effect at that date. In determining this amount, all earnings subject to Social Security taxes prior to the date of termination will be used.
Sample 1
Primary Social Security means the actual Social Security Benefit paid to the Participant at initial retirement.
Sample 1
Primary Social Security means the estimated Primary Insurance Amount (payable monthly) available to a Member at age 62, or his Distribution Date, whichever is later, under the Social Security Act in effect at that time.
Sample 1
Primary Social Security means the primary benefit paid to an Officer under the Federal Social Security Act, as amended from time to time.
Sample 1

Related to Primary Social Security

  • Estimated Social Security means, for an employee covered by Social Security, an employee's estimated OASDI retirement benefit. The benefit is based upon an estimated "average indexed monthly earnings" for an employee retiring at age 65 in 2021 - it does not include any amounts which might be payable to an eligible spouse or children.

  • Primary Social Security Benefit means, with respect to any member, the primary insurance amount

  • Social Security means the old-age survivors and disability section of the Federal Social Security Act;

  • Social Security Retirement Age means the age used as the retirement age under Section 216(l) of the Social Security Act, applied without regard to the age increase factor and as if the early retirement age under Section 216(l)(2) of such Act were 62.

  • Social Security Number Employee Date of Hire: Job Title: Employee D.O.B:

  • Social Security Benefits means any social insurance, pension insurance benefits, medical insurance benefits, work-related injury insurance benefits, maternity insurance benefits, unemployment insurance benefits and public housing reserve fund benefits or similar benefits, in each case as required by any applicable Law or contractual arrangements.

  • Social Security numbers The Contractor agrees to comply with all applicable Vermont State Statutes to assure protection and security of personal information, including protection from identity theft as outlined in Title 9, Vermont Statutes Annotated, Ch. 62.

  • Participating Clinical Social Worker means a Clinical Social Worker who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Social Security Benefit means an amount received by a claimant as a monthly benefit in accordance with the Social Security Act, 42 U.S.C. Sec. 401 et seq.

  • Social Security Act means the Social Security Act of 1965 as set forth in Title 42 of the United States Code, as amended, and any successor statute thereto, as interpreted by the rules and regulations issued thereunder, in each case as in effect from time to time. References to sections of the Social Security Act shall be construed to refer to any successor sections.

  • Non-Participating Clinical Social Worker means a Clinical Social Worker who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Clinical social worker means a person who practices social work as defined in § 54.1-3700.

  • Basic health plan means the plan described under chapter

  • Greatest social need means the need caused by noneconomic factors, which include physical and mental disabilities, language barriers, and cultural, geographic or social isolation including isolation caused by racial or ethnic status, that restrict an individual’s ability to perform normal daily tasks or that threaten the older individual’s capacity to live independently.

  • Licensed clinical social worker means an individual who meets the licensed clinical social worker requirements established in KRS 335.100.

  • Open enrollment means a period of time as defined in rule

  • Health hazard means any condition, device or practice in a water system or its operation resulting from a real or potential danger to the health and well-being of consumers. The word "severe" as used to qualify "health hazard" means a hazard to the health of the user that could be expected to result in death or significant reduction in the quality of life.

  • Health insurance exchange means an exchange as defined in 45 C.F.R. Sec. 155.20.

  • Child abuse means any of the following acts committed in an educational setting by an employee or volunteer against a child:

  • Facility administrator means chief probation officer, sheriff, marshal, chief of police or other official charged by law with administration of the facility.

  • Federal covered security means a security that is, or upon completion of a transaction will be, a covered security under Section 18(b) of the Securities Act of 1933 (15 U.S.C. Section 77r(b)) or rules or regulations adopted pursuant to that provision.

  • Group health insurance coverage means in connection with a group health plan, health insurance

  • relevant minimum wage means the minimum wage and includes any incremental adjustment prescribed in this award for the class of work for which an employee is engaged

  • COVID-19 hazard means exposure to potentially infectious material that may contain SARS-CoV-2, the virus that causes COVID-19. Potentially infectious materials include airborne droplets, small particle aerosols, and airborne droplet nuclei, which most commonly result from a person or persons exhaling, talking or vocalizing, coughing, sneezing, or procedures performed on persons which may aerosolize saliva or respiratory tract fluids, among other things. This also includes objects or surfaces that may be contaminated with SARS-CoV-2.

  • Health insurance issuer means an insurance company, or insurance organization (including a health

  • Individual health insurance coverage means health insurance coverage offered to individuals in the