Annual Benefit Statements Sample Clauses

Annual Benefit Statements. The Scheme Administrator will provide an electronic version of the scheme member’s annual benefit statement within the statutory deadline (31st August) providing the Scheme Employer has submitted their ‘year-end data file and answered all associated queries in accordance with section 4.2.9 of this SLA. Annual Benefit Statements which will be made available to view, download or print by the Scheme member via m‘ ypension ONLINE’. Hard copies of the statement will be made available to Scheme members of a Scheme Employer upon request.
Sample 1
AutoNDA by SimpleDocs
Annual Benefit Statements. The Scheme Administrator will issue Annual Benefit Statements to the scheme members of an Employing Authority following receipt of all relevant year end information from the Employing Authority.
Sample 1
Annual Benefit Statements update on the ABS project looking at data items to be included The Chair hosted a meeting on 11 October 2019 with RA and AH, colleagues from Staffordshire and West Midlands Pension Funds, Xxxxxx Xxxxxxx from Shropshire and the following representatives of the pensions administration software suppliers: Xxxx Xxxxxx – Xxxxxxx Xxxx Xxxxxxxx – Civica Xxxxx Xxxxx – Capita Xxx Xxxxxx – Equiniti Notes from that meeting: The possibility of tailored statements was discussed – providing different information to different member ‘types’. Although this may be ideal for members, many funds do not have the resources or technical expertise to produce multiple statements and so it is likely that they will continue to use a single statement template for all members. There was agreement on most issues: - Capita and Equiniti to take forward the SAB recommendation that a late payment increase is included in final salary benefits of a member under their NPA on 31 March - Continue to provide a projection of benefits to NPA (with a blank section or figures at 31 March repeated for a member over NPA on 31 March) - Both 31 March figures and projection to NPA should be the figures after any divorce or Annual Allowance scheme pays debit has been deducted - Maximum commutation figures at 31 March should be based on the pension and lump sum figures after the deduction of a divorce or AA scheme pays debit. There was no agreement on the inclusion in the statement of reduced figures at 31 March for those members between age 55 and NPA on that date. Civica believes that this is already offered to their clients, but need to check if this is part of the ‘standard’ package, or a chargeable extra. Xxxxxxx pointed out that there would be significant development costs associated with this change. The change would need to be made for LGPS Scotland and Northern Ireland as well as for England and Wales. Xxxxxxx will consult with the CLASS Group to gauge the level of demand for this development.
Sample 1
Annual Benefit Statements. The Administering Authority will issue annual benefit statements on the ‘member portal’ to active members or via their employer where written notification is received to opt out of member portal. This will be by 31 August after relevant annual return information from the Employing Authority is received and uploaded or in any case not later than prescribed in the regulations.
Sample 1

Related to Annual Benefit Statements

  • Effective Date of Benefit Termination Medical, dental and life coverage termination will take effect on the first of the month following the loss of eligible employee or dependent status. Disability benefit coverage terminations will take effect on the day following loss of eligible employee status.

  • STATEMENT OF MUTUAL BENEFIT AND INTERESTS   In consideration of the above premises, the parties agree as follows:

  • SUPPLEMENTAL BENEFITS The employer shall maintain a “Supplemental Unemployment Benefits Plan” pursuant to the Employment Insurance Act and Regulations in regard to maternity, parental and adoption leave. The employer shall make amendments as appropriate to ensure that the Plan provides the maximum permissible benefits in conjunction with Articles 17.06, 17.07 or 17.08.

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • Defined Benefit Pension Plans The Borrower will not adopt, create, assume or become a party to any defined benefit pension plan, unless disclosed to the Lender pursuant to Section 5.10.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • Benefit Level The primary care clinics available through each plan administrator are assigned a Benefit Level. The Benefit Levels are outlined in the benefit chart below. Primary care clinics may be in different Benefit Levels for different plan administrators. Family members may be enrolled in clinics that are in different Benefits Levels. Employees and their dependents may change to clinics in different Benefit Levels during the annual open enrollment. Employees and their dependents may also elect to move to a clinic in a different Benefit Level within the same plan administrator up to two (2) additional times during the plan year. Unless the individual has a referral from his/her primary care clinic, there are no benefits for services received from providers in Benefit Levels that are different from that of the primary care clinic in which the individual has enrolled.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • SALARY DETERMINATION FOR EMPLOYEES IN ADULT EDUCATION [Not applicable in School District No. 62 (Sooke)]

  • Public Benefit It is Reaction Retail’s understanding that the commitments it has agreed to herein, and actions to be taken by Reaction Retail under this Settlement Agreement, would confer a significant benefit to the general public, as set forth in Code of Civil Procedure § 1021.5 and Cal. Admin. Code tit. 11, § 3201. As such, it is the intent of Reaction Retail that to the extent any other private party initiates an action alleging a violation of Proposition 65 with respect to Reaction Retail’s failure to provide a warning concerning exposure to DEHP prior to use of the Products it has manufactured, distributed, sold, or offered for sale in California, or will manufacture, distribute, sell, or offer for sale in California, such private party action would not confer a significant benefit on the general public as to those Products addressed in this Settlement Agreement, provided that Reaction Retail is in material compliance with this Settlement Agreement.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!