Sentences with phrase «beneficiary under this plan»

Based on this analysis, the Board held the exclusion of medical cannabis had the substantive effect of treating Wayne differently than other beneficiaries under the Plan.

The court decided the bonus amount was not covered by the contribution amount, and indicated a pension plan must be interpreted according to its main purpose which is to provide a pension funded on actuarial assumptions fair to all employee beneficiaries under the plan.

Not exact matches

The individual, called an «account beneficiary,» must (for the months the HSA contributions are made) be covered under a high - deductible health plan (HDHP).

On April 8, 2016, the Department of Labor (Department) published a final regulation (Fiduciary Rule or Rule) defining who is a «fiduciary» of an employee benefit plan under section 3 (21)(A)(ii) of the Employee Retirement Income Security Act of 1974 (ERISA or the Act) as a result of giving investment advice to a plan or its participants or beneficiaries.

The same voters said they believe the wealthiest Americans would be the top beneficiaries of the tax changes (61 percent), while 31 percent said the middle class will benefit most under the plan.

Presently, tax penalties and the repayment of grants «may apply to transfers of assets between individual plans unless they occur between plans for the same beneficiary or plans under which the beneficiaries are siblings, generally before the beneficiary under the receiving plan attains 21 years of age.»

Qualified beneficiaries must be offered coverage identical to that available to similarly situated beneficiaries who are not receiving COBRA coverage under the plan (generally, the same coverage that the qualified beneficiary had immediately before qualifying for continuation coverage).

A change in the benefits under the plan for the active employees will also apply to qualified beneficiaries.

If a multiemployer pension plan applies under Kline - Miller, plan participants and beneficiaries will be notified of the application, including an estimate of their reduced benefits.

(See also the «Different rule for large plans» under Do plan participants / beneficiaries have a say in whether benefits are reduced?)

Whether you are under CSRS or FERS, all Thrift Savings Plan contributions, including the Agency Automatic (1 %) and Matching Contributions, will be paid to your beneficiary (or beneficiaries).

Pension Benefit - A retirement benefit payable under a pension plan to a participant or the participant's beneficiary.

The IRS website confirms that if you receive the proceeds under a life insurance plan as a beneficiary, the benefits are not considered income and do not have to be reported for the purposes of income tax.

It is common that people acting under a power of attorney can not make wills for the beneficiary... or change beneficiaries of plans.

(4) Where a pension plan is wound up in whole or in part, an employer who is required to pay contributions to the pension fund shall be deemed to hold in trust for the beneficiaries of the pension plan an amount of money equal to employer contributions accrued to the date of the wind up but not yet due under the plan or regulations.

Second, the Board would compare how benefits were allocated to beneficiaries for the same purpose under the Plan.

It follows that before entering into an analysis of the fiduciary duties of an employer as administrator of a pension plan under the PBA, it is necessary to consider the position and characteristics of the pension beneficiaries.

His clients range from large businesses asserting rights related to commercial property, to trustees, personal representatives and beneficiaries asserting rights under succession and estate plans.

The Court of Appeal found that under the PBSA, the Appellant's survivorship interest in the pension plan vested in July 2002 when Mr. Tarr irrevocably elected a joint pension with her as the beneficiary of the survivorship interest and commenced receipt of his pension.

Most visitors insurance plans don't want a minor — that is, a person under the age of 18 — named as the beneficiary of any insurance policy.

A beneficiary is an individual, institution, trustee, or estate which receives, or may become eligible to receive, benefits under a will, insurance policy, retirement plan, trust, annuity, or other contract.

If the policyholder chooses the Save Benefit under any of the plan option, then on death or critical illness, the Sum Assured is paid to the beneficiary who is the child, all future premiums are waived off and paid for by the company and the plan continues.

If the chosen Benefit Payment Preference is Save - n - Gain under any of the plan option, in case of death or critical illness suffered by the insured during the tenure of the plan, the Sum Assured is paid to the beneficiary who is the child, all future premiums are waived off and 50 % of the premiums are paid by the company towards the plan and 50 % to the beneficiary on every premium due date and the plan continues.

The open enrollment period for health plans for people under age 65 does not apply to Medicare beneficiaries.

Hence any money back received as part of the product structure or amount accumulated under a traditional endowment or unit linked plan will simply be payable to the beneficiary at the maturity of the policy.

Anything not under those 5 categories must use the general calculation (e.g., the beneficiary may be counted with 18 months of general coverage, but only 6 months of dental coverage, because the beneficiary did not have a general health plan that covered dental until 6 months prior to the application date).

Allow to choose beneficiary: Under a life insurance plan, you will be liable to choose your nominee and the entire sum assured amount will be handed to that person whenever is required.

Under this plan, the beneficiaries of the insured person are paid a fixed sum on the death of the insured person.

In contrast, under a 7702 retirement plan, the proceeds paid to your beneficiary are not taxed against your estate or against your beneficiary as income.

Under this plan, a lump - sum amount is paid to the beneficiary of the policy, in case of demise of the insured person.

Term insurance plans provide coverage for a specific term and in the event of an unfortunate death during this term, the insurance company offers your family / beneficiary a death benefit as specified under the policy.

Additionally, under a child plan, the policy holder or the beneficiary has an option of taking the maturity benefit as lump sum or in instalments over a few years.

If no option is designated, the beneficiary (ies) of the life insurance plan may choose to receive the death benefit under the options shown below.

Also, the division of other assets may involve your attorney preparing deeds or being involved to some degree in division of investment accounts or confirmation that proper death beneficiary designations on retirement plans and under life insurance policies is in place as required by the parties» settlement.

However, if you fail to revise your estate planning documents after your divorce, your former spouse might still be a beneficiary of your estate and may continue to be a fiduciary under your will, revocable trust, power of attorney, -LSB-...]

However, if you fail to revise your estate planning documents after your divorce, your former spouse might still be a beneficiary of your estate and may continue to be a fiduciary under your will, revocable trust, power of attorney, or advance health care directive.

Trump has vowed that the middle class would be the main beneficiaries under his tax plan, but the framework's limited details have led to estimates that top earners would reap the biggest gains.

Assets held in retirement plans, such as a 401 (k) or an IRA, are transferred to whomever you have named as beneficiary in the plan documents — no matter who the beneficiaries under your will may be.