Survivor’s Benefit definition

Survivor’s Benefit means the benefit payable to Executive’s Beneficiary following his death in accordance with Section 2.3 of the Plan.

Survivor’s Benefit means an annual amount payable to the Beneficiary in monthly installments throughout the Payout Period, equal to the amount designated in the Executive's Joinder Agreement.

Survivor’s Benefit. The City’s contract with CalPERS provides Level 4 coverage under the 1959 Survivor's Benefit per Government Code section 21574.

Examples of Survivor’s Benefit in a sentence

• The City will pay the Employee’s cost of the 1959 Survivor’s Benefit.

• Employees will be covered by the Indexed level of the 1959 Survivor’s Benefit Program; credit for unused sick leave; and military service buy credit buy back option.

• Employees in Unit 5 who are members of the Public Employees’ Retirement System (PERS) will be covered under the Fifth level of the 1959 Survivor’s Benefit, which provides a death benefit in the form of a monthly allowance to the eligible survivor in the event of death before retirement.

• Employees in this unit who are members of the Public Employees’ Retirement System (PERS) will be covered under the Fifth Level of the 1959 Survivor’s Benefit, pursuant to Government Code 21574.7, which provides a death benefit in the form of a monthly allowance to the eligible survivor in the event of death before retirement.

• Our U.S. retirees who retired prior to January 1, 2005, are also covered by a lump sum death benefit that is part of the Retiree Survivor’s Benefit Plan.

More Definitions of Survivor’s Benefit

Survivor’s Benefit means the benefit provided under Section 2.1 to Executive’s Beneficiary if Executive dies while in active employment of the Association.

Survivor’s Benefit means an annuity stream payable to the Beneficiary in monthly installments throughout the Payout Period, equal to the amount designated in the Joinder Agreement, and subject to Subsection 6.1.

Survivor’s Benefit means the Supplemental Retirement Account Balance payable to the Participant’s Beneficiary in accordance with Article V herein.

Survivor’s Benefit means, widow’s allowance, widow’s payment, widowed mother’s allowance and widow’s pension;

Survivor’s Benefit means the benefit provided under Section 2.1 to Executive’s Beneficiary if Executive dies while in active employment of the Bank. The Survivor’s Benefit shall be equal in amount to the Supplemental Retirement Income Benefit payable to Executive if Executive had lived until his Normal Retirement Date, terminated employment on such date and commenced receiving the Supplemental Retirement Income Benefit at that time. For purposes of these calculations, Executive’s Annual Compensation shall be deemed to increase at the rate of five percent (5%) per year to age 65 at the customary time of such normal annual increase. In addition, for purposes of calculating the Survivor’s Benefit payable hereunder, the Bank’s contributions to (i) the Money Purchase Pension Plan, (ii) the 401(k) Plan, and (iii) the employer’s portion of Social Security shall be deemed to continue until Executive’s Normal Retirement Date at the same rate as was contributed on behalf of Executive in Executive’s last full year of employment prior to his death.

Survivor’s Benefit means Twenty-Six Thousand Three Hundred Forty Dollars ($26,340) per year to be paid in one hundred eighty (180) equal monthly installments.

Survivor’s Benefit means monthly level payments in an amount of Three Hundred Thirty-Five ($335.00) Dollars.