Common use of Additional pension Clause in Contracts

Additional pension. 5.3.1 The Admission Body must not resolve to award a Member additional pension under regulation 31 of the 2013 Regulations unless either: 5.3.1.1 the Administering Authority and the Admission Body agree that the Admission Body will pay increased contributions to meet the cost of the additional pension; or 5.3.1.2 the Admission Body pays the sum required under regulation 68(3) of the 2013 Regulations to the Administering Authority for credit to the Fund. 5.3.2 The Admission Body must pay to the Fund the amount of any extra charge on the Fund arising as a result of the resolution which has not been discharged by payments made in accordance with Clauses 5.3.1.1 or 5.3.1.2 (Additional pension).

Appears in 5 contracts

Samples: Admission Agreement, Admission Agreement, Admission Agreement

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Additional pension. 5.3.1 The Admission Body must will not resolve to award a Member additional pension under regulation Regulation 31 of the 2013 Regulations unless either: 5.3.1.1 unless, before the Administering Authority and the Admission Body agree that the Admission Body will pay increased contributions to meet the cost expiry of the additional pension; or 5.3.1.2 Relevant Period the Admission Body pays the appropriate sum required under regulation 68(3) of the 2013 Regulations to the Administering Authority for credit to the Fund. 5.3.2 The Admission Body must pay to the Fund the amount of any extra charge on the Fund arising as a result of the resolution which has not been discharged by payments made paid in accordance with Clauses 5.3.1.1 or 5.3.1.2 (Additional pension)5.3.1 above.

Appears in 2 contracts

Samples: Admission Agreement, Admission Agreement

Additional pension. 5.3.1 The Admission Body must will not resolve to award a Member additional pension under regulation Regulation 31 of the 2013 Regulations unless either: 5.3.1.1 the Administering Authority and the Admission Body agree that the Admission Body will pay increased contributions to meet the cost of the additional pension; or 5.3.1.2 the Admission Body pays the sum required under regulation Regulation 68(3) of the 2013 Regulations to the Administering Authority for credit to the Fund. 5.3.2 The Admission Body must pay to the Fund the amount of any extra charge on the Fund arising as a result of the resolution which has not been discharged by payments made in accordance with Clauses Clauses 5.3.1.1 or 5.3.1.2 (Additional pensionPension).

Appears in 1 contract

Samples: Admission Agreement

Additional pension. 5.3.1 The Admission Body must will not resolve to award a Member additional pension under regulation 31 of the 2013 Regulations unless either: 5.3.1.1 the Administering Authority and the Admission Body agree that the Admission Body will pay increased contributions to meet the cost of the additional pension; or 5.3.1.2 the Admission Body pays the sum required under regulation 68(3) of the 2013 Regulations to the Administering Authority for credit to the Fund. 5.3.2 The Admission Body must pay to the Fund the amount of any extra charge on the Fund arising as a result of the resolution which has not been discharged by payments made in accordance with Clauses 5.3.1.1 or 5.3.1.2 (Additional pensionPension).

Appears in 1 contract

Samples: Admission Agreement

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Additional pension. 5.3.1 The Admission Body must not resolve to award a Member additional pension under regulation 31 of the 2013 Regulations unless either: 5.3.1.1 the Administering Authority and the Admission Body agree that the Admission Body will pay increased contributions to meet the cost of the additional pension; or 5.3.1.2 the Admission Body pays the sum required under regulation 68(3) of the 2013 Regulations to the Administering Authority for credit to the Fund. 5.3.2 The Admission Body must pay to the Administering Authority for credit to the Fund the amount of any extra charge on the Fund arising as a result of the any resolution which has not been discharged by payments made in accordance with Clauses 5.3.1.1 or 5.3.1.2 (Additional pension).or

Appears in 1 contract

Samples: Admission Agreement

Additional pension. 5.3.1 The Admission Body must not resolve to award a Member additional pension under regulation 31 of the 2013 Regulations unless either: 5.3.1.1 the Administering Authority and the Admission Body agree that the Admission Body will pay increased contributions to meet the cost of the additional pension; or 5.3.1.2 or 16 Only applicable where the Admission Body pays Agreement is, or may be, entered into after the sum required under regulation 68(3) of the 2013 Regulations to the Administering Authority for credit to the FundCommencement Date. 5.3.2 The Admission Body must pay to the Fund the amount of any extra charge on the Fund arising as a result of the resolution which has not been discharged by payments made in accordance with Clauses 5.3.1.1 or 5.3.1.2 (Additional pension).

Appears in 1 contract

Samples: Admission Agreement

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