Admitted Body Status to the LGPS Sample Clauses

Admitted Body Status to the LGPS. Where the Supplier or Relevant Sub-contractor wishes to offer the Eligible Employees membership of the LGPS, the Supplier shall or shall procure that it and/or each Relevant Sub-contractor shall enter into an Admission Agreement to have effect from and including the Effective Pension Date or, if the Relevant Transfer occurs after the Effective Pension Date, from and including the date of that Relevant Transfer. The Supplier or Relevant Sub-contractor will bear the cost of any actuarial assessment required in order to assess the employer's contribution rate and Bond value in respect of any Eligible Employee who elects to join the LGPS on or after the Effective Pension Date. For the purposes of calculating the employer's contribution rate, any termination payment, and any other sums due to the administering authority under the Admission Agreement, the Authority shall ensure that the Eligible Employees' past service benefits accrued prior to the Effective Pension Date are fully funded as at the Effective Pension Date, as determined by the Authority’s actuary. The Supplier shall indemnify and keep indemnified the Authority and/or any Replacement Supplier and in each case their relevant subcontractors, on demand from and against all direct losses suffered or incurred by it or them, which arise from any breach by the Supplier or Relevant Sub-contractor of the terms of the Admission Agreement, to the extent that such liability arises before or as a result of the termination or expiry of all or part of this Contract. The Supplier shall and shall procure that it and any Sub-Contractor shall as soon as reasonably practicable obtain any indemnity or Bond required in accordance with the Admission Agreement. The Supplier shall and shall procure that any Relevant Sub-contractor shall award benefits (where permitted) to the Eligible Employees under the LGPS Regulations in circumstances where the Eligible Employees would have received such benefits had they still been employed by the Authority. The Supplier shall be responsible for meeting all costs associated with the award of such benefits. Supplier/Sub-contractor pension scheme Where the Supplier or Relevant Sub-contractor does not wish to offer, or is otherwise prevented from offering, the Eligible Employees membership or continued membership or continuing rights of membership of the LGPS, the Supplier shall or shall procure that the Relevant Sub-contractor shall offer the Eligible Employees membership of an occupatio...
Sample 1
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Admitted Body Status to the LGPS. 2.3.1 Where the Supplier or Relevant Sub-contractor wishes to offer the Eligible Employees membership of the LGPS, the Supplier shall or shall procure that it and/or each Relevant Sub-contractor shall enter into an Admission Agreement to have effect from and including the Effective Pension Date or, if the Relevant Transfer occurs after the Effective Pension Date, from and including the date of that Relevant Transfer. The Supplier or Relevant Sub-contractor will bear the cost of any actuarial assessment required in order to assess the employer's contribution rate and Bond value in respect of any Eligible Employee who elects to join the LGPS on or after the Effective Pension Date.
Sample 1

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