Pension Costs. The parties shall discuss pension issues during the term of this MOU utilizing the Labor-Management Committee process memorialized in Section 6.6.5 of this agreement.
Pension Costs. The Parties shall be responsible for Losses arising from pension liabilities that arose prior to Closing, or that are wholly or partially caused by events, incidents, liabilities, work performed, or conditions from prior to Closing, based on their respective Pre-Closing Date Project Shares. If some or all of the pensions for those employed at the Project are converted after Closing to annuities, the Parties’ responsibility for any costs to the Owners of such conversions shall be based on the Pre-Closing Date Project Shares for that portion of the costs attributable to employment before Closing and based on Post-Closing Date Project Shares for that portion of the costs attributable to employment after Closing. Any Change in Law shall not have any bearing on the allocation of Losses provided for in this Section.
Pension Costs. The Parties shall be responsible for Losses arising from pension liabilities that arose prior to Closing or are wholly or partially caused by events, incidents, liabilities, work performed, or conditions from prior to Closing, including claims by the Operator that it has made excess pension contributions, based on their respective pre-Closing Date Project Shares. If some or all of the pensions for those employed at the Project are converted after Closing to annuities, the Parties’ responsibility for any costs to the Owners of such conversions shall be based on the pre-Closing Date Project Shares for that portion of the costs attributable to employment before Closing and based on post-Closing Date Project Shares for that portion of the costs attributable to employment after Closing. Changes in Law shall not have any bearing on the allocation of Losses provided for in this Section.
Pension Costs. Teachers - In 2001/02 the County Council paid £1.81m (£1.59m in 2000/01) to the Department for Education and Skills in respect of teachers’ pension costs, which represents 7.4% (7.4% in 2000/01) of teachers’ pensionable pay. In addition, the County is responsible for all pension payments relating to added years it has awarded, together with the related increases. In 2001/02 these amounted to £0.746m (£0.732m in 2000/01), representing 3.1% (3.4% in 2000/01) of pensionable pay. The costs of added years benefits to teachers are funded through the Clwyd Pension Fund. Other employees - In 2001/02 Denbighshire County Council paid an employer’s contribution of £6,497,000 representing 20.01% of employees’ pensionable pay into the Clwyd Pension Fund, which provides members with defined benefits related to pay and service. The contribution rate is determined by the Fund’s Actuary based on tri-ennial actuarial valuations, the last review being at 31 March 2001. Under current Pensions Regulations,
Pension Costs. 4.3.1 NHSCT staff shall be eligible to join the Health and Social Care (HSC) Pension Scheme.
Pension Costs. AFUDC Rate on Iatan 2
