Sentence examples for terminate the plan from inspiring English sources

A plan administrator who still desires to terminate the plan must initiate the termination process again, starting with the issuance of a new notice of intent to terminate.

McDonnell did not have to terminate the plan, and benefits to retirees will continue unchanged, she said.

At the time, Delta said it would not move to terminate the plan before February, even if it sought court protection.

The airline's move last week came after the Pension Guaranty Benefit Corporation said it would seize control of the pension plan for United's pilots, rather than allow the airline to terminate the plan.

The company not only retained a virtually unrestricted right to amend the plan in whole or in part, but was also free to terminate the plan and distribute the trust assets at any time and for any reason.

However, the University can amend or terminate the plan at any time.

American said it needed to terminate the plans to stay competitive, but Mr. Gotbaum disputed the airline's calculations.

To terminate the plans, the company will ask an insurance company to specify the full amount needed, in today's dollars, to pay all future benefits.

Early in 1961, Kennedy refused either to terminate the planned invasion, which violated international law, or to commit the full force of American power, thus ensuring the failure of a dubious attack.

However, the number of defined benefit (DB) plans has been declining because many employers terminate the plans early.

In 1974, Minnesota enacted the Private Pension Benefits Protection Act (Act), under which a private employer of 100 employees or more (at least one of whom was a Minnesota resident) who provided pension benefits under a plan meeting the qualifications of § 401 of the Internal Revenue Code, was subject to a "pension funding charge" if he terminated the plan or closed a Minnesota office.