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Plan Benefit Definitions
Plan Benefit Definitions
Active medical benefits
Benefit accruals over and under a dollar amount
Benefit service based on hours worked
Canadian YMPE averaging
Cash balance interest compounded mthly
Death benefit during deferral for actives who terminate
Death benefit while active
Early retirement reduction based on service
Excess plans
Flat dollar plan with increasing benefit level
Fractional future accruals for benefit service
Fractional future accruals for eligibility service
Fractional rule accrued benefit with varying accrual rates
Freezing future final average salary
Future benefit service start date
Graded vesting
Historical employee contributions
Include hire year salary in final average salary
In-service benefits (paid before decrement from active status)
Late retirement increase
Medical savings account used to pay participant contributions
Mid-year change in benefit level for a U.S. qualified plan
Months of severance benefits
Point-based accruals
Prorating frozen benefits
Prorating prospective cash balance plans with service-dependent accruals
Rounded eligibility service
Rounded service for table lookups
#SALARY vs. 1 #FAS 1
Salaries limited in final average salary
Separate proration for a minimum benefit
Service cap with early years dropped
Unit benefit formula with prospective amendments only
Updating past service benefit for salary increases