Examples of Vested Former Participant in a sentence
No Participant, Former Participant or Vested Former Participant shall be entitled to receive any part of the Contributions made by the City or payments required to be made by the Trust, in lieu of such benefits provided under the Plan as determined by the Trustees in accordance with the Trust.1:304.
Neither the City, nor any Participant, Former Participant or Vested Former Participant shall have any right to the return of any money properly paid into the Trust, except as otherwise specifically provided in this Trust, or to money improperly paid which has already been invested or distributed.
Notwithstanding Section 3.3(c) or Article VIII of this plan document, if a Participant, Vested Former Participant or Former Participant dies and no pension becomes payable on account of the death, the deceased's Accumulated Participant Contributions shall be paid to the Refund Beneficiary named in the most recent designation of Refund Beneficiary on file with the Plan Administrator, unless that beneficiary is deceased.
Commencing November 1, 1989, Credited Service shall be forfeited if an individual who is not a Vested Former Participant incurs a break in participation of more than sixty (60) consecutive months.
SECTION 3 ELIGIBILITY FOR BENEFITS 3.01 Each Participant or Vested Former Participant is eligible for an annual Retirement Benefit under this Plan upon Retirement, or upon Termination of Employment with the Corporation before Retirement after completing five (5) or more years of Credited Service.
A written request to the Plan Administrator by a Vested Former Participant to be paid Accumulated Participant Contributions shall result in forfeiture of Credited Service and all rights to any benefits of the DB Retirement Plan other than payment of the Accumulated Participant Contributions.
If the actuarial present value of a Vested Former Participant's deferred pension is less than $5,000 (or such other amount set forth in IRC Section 411(a)(11)(A)), the Vested Former Participant shall be paid the greater of the actuarial present value of the deferred pension and the amount of the Vested Former Participant's Accumulated Participant Contributions.
These concepts reflect our belief that all people should fully participate in the “culture’s construction of the good and the real” (Gergen, 1994, p.
The Accumulated Participant Contributions of a Vested Former Participant or a Participant on leave of absence from the City as a consequence of the entry into active duty with the Armed Forces of the United States shall be paid to the individual upon written request to the Plan Administrator.
A Participant or Vested Former Participant may elect to have pension payments made under any one of the forms of payment provided in this Article and name a Survivor Pension Beneficiary.