Sentences with phrase «reducing accrued benefits»

So if a funding deficit arises in a TBP (because of underfunding, or lower - than - expected investment returns, say), part or all of it can be compensated for by reducing accrued benefits to employees whereas a traditional DB plan would require the entire deficit to be funded by increased contributions on the part of the employer — the federal government (and by extension, the taxpayer).

However, in order to accommodate the certainty of employer contributions required by these plans, regulatory law in all Canadian jurisdictions allows trustees to reduce accrued benefits in order to balance the plans» assets and liabilities.

Sponsors of single employer DB plans are not allowed to reduce accrued benefits except in the context of the bankruptcy of an employer who is sponsoring a plan.

Not exact matches

Adding the antiplatelet drug ticagrelor to aspirin as long - term therapy after a heart attack significantly reduced the rate of subsequent death from cardiovascular causes, heart attack or stroke, with the benefit appearing to accrue for nearly three years, according to a study presented at the American College of Cardiology's 64th Annual Scientific Session.

Interest accrued isn't reduced until the principal is reduced, so it benefits the creditor to both have the money in advance and to not apply it to the principal.

Outstanding loans accrue interest, reduce the policy's death benefit, and increase the chance that the policy will lapse.

The guaranteed life insurance benefit will be reduced by any partial surrenders and unpaid loans, including accrued loan interest.

It presumes that (i) when comparing the outcomes from using different accounts it is necessary to presume that all savings go into those accounts, (ii) when wages and living expenses are held constant between options, any option that reduces taxes should result in larger savings, (iii) the RRSP's benefits accrue only to the dollars in the account.

Trustees of «critical» status plans have a limited ability to adjust some benefits, but can not reduce benefits below the accrued benefit payable at normal retirement age.

As Bob Baldwin, a member of the C.D. Howe Institute's Pension Policy Council succinctly explains in the association's December 19 report, «A regime in which accrued benefits can not be reduced places all financial risk on young and future plan members.

The PA reduces the RRSP deduction and represents the amount contributed by an employee and / or employer to an employee account in a defined contribution pension plan or deferred profit sharing plan, or the value of pension benefits accrued during the year in a defined benefit pension plan.

Policy loans accrue interest and reduce cash value and death benefit.

Cash value can be accessed through loans and partial surrenders which accrue interest and, if not paid back, will reduce the policy's death benefit and cash value.

The benefits appear to be dispersed globally and accrue decades into the future, while the costs of reducing greenhouse gas emissions would be felt immediately.

While increasing CAFE standards will reduce CO2 emissions, the benefits of this approach take time to accrue and decrease as people increase the number of miles they drive.

Market barriers are important, however, and the common «split incentives» mismatch between those incurring costs and those accruing benefits can be particularly important for planet - wide benefits such as reduced climate damages (see also ESM).

Generally «vested» benefits like accrued vacation time or pension balances are treated like the property of the employee: They can not be unilaterally reduced by the employer.

* Cash value is accessed via policy loans which accrue interest and reduce the cash value and death benefit.

Loans accrue interest and unpaid loans plus interest and withdrawals will reduce the death benefit and cash value.

The guaranteed life insurance benefit will be reduced by any partial surrenders and unpaid loans, including accrued loan interest.

Of course, taking money against the policy will reduce the death benefit but this isn't a problem if your needs have adjusted, your policy accrues interest greater than your loan, or you have the ability to repay the loan.

Policy loans do accrue interest, and any outstanding policy loans and interest will reduce the death benefit and cash value (if applicable).

Policy loans do accrue interest, and any outstanding policy loans and interest will reduce the death benefit and cash value.

Youwill also begin to be charged an interest rate on your loan thatshould you not pay will accrue and further reduce your deathbenefit and cash values or at least slow down the growth of yourcash value and death benefits.

Maturity benefit amount: In case of survival of the life assured up to the end of the policy term, reduced paid up sum assured plus accrued Reversionary Bonuses till the policy becomes paid up will be payable to the policy holder.