Calculation used to establish periodic payment amounts for each participant on retirement in this pension plan. It is based on the number of years of participation in the plan.

Retirement plan that pays set monthly benefits to the participant on retirement. The amount is based on the retiree’s age, tenure, and former wages and is calculated by using a certain formula. A DBPP is backed by the Pension Benefit Guaranty Corporation, a government agency that pays worker pension benefits, to set limits, in the event of a plan insolvency.

Calculation used to establish the amount of money that is to be deposited into a pension plan each year for each participant. Contributions are based on a certain percentage of the participant’s compensation.

1. Serious physiological condition in which the body’s loss of fluid is more than the body’s intake of fluid. 2. Rendering a substance free from water.

Change in the location and focus of mental health care and treatment for medically and socially dependent individuals from an institutional to a community setting.

Provision in a life insurance policy that means the beneficiary must outlive the insured by a specific amount of time to receive the death benefit.

Individual who is given legal authority by an authorized official of the provider to make changes to the organization’s status in the Medicare program (e.g., change of address or new location for the practice) or to notify the provider to follow the regulations and Medicare program guidelines.

Insurance claim that has been canceled, deleted, or voided by a Medicare fiscal intermediary for the following reasons: CMS-1500 (08-05) or current CMS-1450 is not used, itemized charges are not provided, more than six line items are submitted on the CMS-1500 (08-05) claim form, patient’s address is missing, internal clerical error was made, Certificate of Medical Necessity (CMN) was not with the Part B claim or was incomplete or invalid, and name of the store is not on the receipt that includes the price of the item.

Dollar amount that is overdue from a patient who has received medical services.