Examples of Qualified Pension Plan in a sentence
Constitutional protection applies only to the basic pension benefits provided through each pension system’s Qualified Pension Plan (“QPP”) and does not extend to the Variable Supplements Funds (“VSFs”) or Tax-Deferred Annuity Programs (“TDA Programs”) that are also administered by some of the pension systems, as discussed below.
Actuarial adjustments shall be based on the factors set forth in the Qualified Pension Plan.
Benefits shall be paid in the same form at the same times and for the same period as benefits are paid with respect to the Participant under the applicable Qualified Pension Plan, except as provided in the following paragraphs.
If the benefits payable under this Plan correspond to Qualified Pension Plan benefits with multiple commencement dates, each portion of the benefits payable under this Plan shall be paid at the same time as the corresponding portion of the benefits is paid from the Qualified Pension Plan.
This election must be made within the time period for electing the form of benefit under the corresponding Qualified Pension Plan, by filing a written election in the form and manner prescribed by the Company.