Spousal benefits definition

Spousal benefits means the aggregate value of property passing to or in trust for the benefit of the surviving spouse by reason of a decedent’s death and property held for the benefit of the surviving spouse in any trust created during a decedent’s lifetime of which the decedent was a settlor, reduced by:

Spousal benefits means the SERP Benefits payable to a spouse or former spouse in accordance with Section 3.7.

Spousal benefits means benefits payable to a spouse or former spouse in accordance with Section 3.4.Section 1.3. Purpose of the PERI Plan. The PERI Plan is an unfunded plan maintained primarily for the purpose of providing additional retirement benefits for a select group of management or highly compensated employees, and participation in the PERI Plan is limited consistent with that purpose. PERI Benefits are intended to supplement benefits provided under the ERP by providing for the payment of additional benefits that would be payable under the ERP but for the limitations imposed by Code Section 401(a)(17), which limits compensation that may be counted for pension purposes.Section 1.4. Effective Date. Except as otherwise provided, this amended and restated PERI Plan will be effective as of the Effective Date.Section 1.5. Pre-2007 Amounts and Section 409A Transition Rules. Any PERI Benefits commencing between January 1, 2005 and December 31, 2006 were distributed in compliance with Code Section 409A transition rules governing nonqualified deferred compensation plans under which the time and form of payment of benefits is controlled by elections made under qualified plans. Under the transition rules, PERI Benefits that commenced before January 1, 2007 continued to be paid at the same time and in the same form as benefit payments were made to, or on behalf of, the PERI Participant or spouse under the ERP. Provisions governing the time and form of payment of those PERI Benefits are contained in the PERI plan document in effect as of October 3, 2004, a copy of which is attached as Appendix A to the PERI Plan. - 27 -

Examples of Spousal benefits in a sentence

• Same-Sex Spousal Benefits: Comparison of Navy Officers andSociety (2004–2012) Question 44.

• Surviving Spousal Benefits Surviving spousal benefits are available on the death of a member and may take the form of a spousal pension or a lump sum payment.

• Martin, supra note 21, at 1; see also Goodwin Liu, Social Security and the Treatment of Marriage: Spousal Benefits, Earnings Sharing, and the Challenge of Reform, 1999 WIS.

• Oppel, Jr., 3 States End Resistance to Spousal Benefits Order, N.Y. TIMES, Nov.

• For more information about spousal waivers, see the PEPP Talk on Waiver of Spousal Benefits on our website.

• The cost of the group insurance plan shall be borne by the Employer, except where specified to the contrary in the plan, and shall provide benefits in the following amounts: Accidental Death and Dismemberment $45,000.00; Effective January 2016 increase to $50,000 Dependent Life $10,000 Spouse $5,000 Child Surviving Spousal Benefits 24 Months after death of member Weekly Indemnity An amount equal to 66⅔% of weekly earnings up to a maximum of $550.00 to a maximum of 26 weeks.

• Add:Health Single Dental SingleHealth Family Dental Family Remove:Health Single Dental SingleHealth Family Dental FamilyName of Spouse’s Insurer:Policy #:Coordination of Spousal Benefits: If an employee’s spouse has their own plan, the benefits payable under this plan will be coordinated so that the total amount received from both plans will not exceed 100% of the actual expense incurred.

• If a trust is created upon the deceased spouse’s death or was created during the deceased spouse’s lifetime for the surviving spouse’s benefit, and such trust is essentially a “qualified terminable interest property” trust for purposes of§2056(b)(7) of the Internal Revenue Code of 1986, as amended, one-fourth of the value of such trust is a reduction from Spousal Benefits.

• Can request Collect Spousal Benefits And people Own Social Security AARP.

• The cost of the group insurance plan shall be borne by the Employer, except where specified to the contrary in the plan, and shall provide benefits in the following amounts: Group Term Life Insurance $60,000.00; Accidental Death and Dismemberment $50,000.00; Dependent Life $10,000 Spouse $5,000 Child Surviving Spousal Benefits 24 Months after death of member Weekly Indemnity An amount equal to 66⅔% of weekly earnings up to a maximum of $675.00 to a maximum of 26 weeks.