Projected Benefit definition

Projected Benefit means the amount that would have been deemed credited to the Account as of the first day of the month during which Director would have attained age sixty-five (65). The Projected Benefit shall be determined solely by the Bank which may from time to time modify the Projected Benefit.
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Projected Benefit means the balance that would have accumulated in the Director’s Deferral Account at Normal Retirement Age if it is assumed that the Director: (1) continued to defer Fees at the same rate that the Director had been deferring Fees on the date of the Director’s death; and (2) the Director reached Normal Retirement Age.
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Projected Benefit means thirty percent (30%) of Projected Final Pay.
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Examples of Projected Benefit in a sentence

  • The Present Values of Projected Benefit Payments table shows the development of the SDR.

  • The Present Values of Projected Benefit Payments table shows the development of the Single Discount Rate (SDR).

  • The Present Values of Projected Benefit Payments table shows the development of the Single Discount Rate.

  • I.2. Data 2 I.3. Projected Benefit Costs and Trends 2 I.4. Special Contract Provisions Related to Payment 2 I.4.A. Incentive Arrangements 2 I.4.B. Withhold Arrangements 2 I.4.C. Risk-Sharing Mechanisms 2 I.4.D. Delivery System and Provider Payment Initiatives 2 I.4.D.i. Rate Development Standards 2 I.4.D.ii.

  • Since benefits do not depend on salary (as they do for pensions), this assumption is only used to determine the accrual pattern of the Actuarial Present Value of Projected Benefit Payments.


More Definitions of Projected Benefit

Projected Benefit means the annual Normal Retirement Benefit the Executive would have received under Section 2.1.1 if the Executive survived until Normal Retirement Age, assuming the Executive’s base salary increased at an annual rate of four percent (4%) from the date of death until Normal Retirement Age.
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Projected Benefit means fifteen percent (15%) of Projected Final Pay.
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Projected Benefit means forty percent (40%) of Projected Final Pay.
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Projected Benefit means forty percent (40%) of Inflated Compensation.
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Projected Benefit for a Trust Beneficiary shall mean the Benefits to which such Trust Beneficiary may become entitled projected as of the date three years after the date for determination of the Accumulated Benefit with respect to projected service by an Executive to such date, which Projected Benefit shall include the Accumulated Benefit;
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Projected Benefit means twenty percent (20%) of Projected Final Pay.
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Projected Benefit means the amount the Deferral Account would have been assuming (i) the Executive lived to Normal Retirement Age; (ii) the Executive continued to make contributions from the date of death until Normal Retirement Age at a contribution rate equal to the average of the Executive's deferrals for the twelve (12) months prior to death; and (iii) interest continued to be credited at the rate in effect as of the date of death, with such rate not to exceed seven percent (7%). 2
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