PENSION INCREASES Sample Clauses
The Pension Increases clause sets out the terms under which pension payments to beneficiaries will be adjusted over time, typically to account for inflation or changes in the cost of living. This clause may specify a fixed percentage increase, tie adjustments to an external index such as the Consumer Price Index, or outline conditions under which increases may be granted. Its core practical function is to help preserve the real value of pension benefits, ensuring that recipients maintain their purchasing power despite economic changes.
PENSION INCREASES. All pensions in the course of payment will be increased in accordance with Sections 51-54 1995 Act.
PENSION INCREASES. On retirement you are guaranteed to receive increases in your pension of no less than the increase in the Retail Prices Index, up to a maximum of 5%. Death in service: A lump sum payable of 4 times basic salary payable plus 4 x the average of taxable emoluments for the three years immediately before death. A spouse’s pension of two-thirds of your prospective pension is payable (subject to reduction on the advice of the Actuary if the spouse is 16 years or more younger). Death after retirement: A spouse’s pension of two-thirds of your pension is payable (subject to reduction on the advice of the Actuary if the spouse is 16 years or more younger).
PENSION INCREASES. Except with respect to plans ----------------- maintained pursuant to collective bargaining agreements, without the prior written consent of the Lender, which consent shall not be unreasonably withheld, the Borrower shall not, and shall use its best efforts to not permit any ERISA Affiliate to:
(a) Adopt, or commence contributions to, any new plan that would be subject to Title IV of ERISA; or
(b) Except as necessary to comply with applicable Governmental Requirements, adopt any amendment to any plan which is maintained by the Borrower or such ERISA Affiliate and which is subject to Title IV of ERISA, if such amendment would result in a material increase in benefits or unfunded liabilities.
PENSION INCREASES. (1) For Pensionable Service prior to 2016:
(a) Pension Increases prior to January 1, 2018:
(b) Pension Increases on January 1, 2018:
(c) Pension Increases on and after January 1, 2019:
PENSION INCREASES. The maximum amount of a pension ascertained in accordance with this Appendix less any pension which has been commuted for a lump sum or surrendered to provide a Dependant's pension shall be increased (A) in proportion to the increase in the Index which has occurred since the pension commenced to be paid or (B) by 3% for each complete year whichever is the greater. (A pension may thus be increased up to the level of the maximum pension (less any pension which has been commuted or surrendered) and then further increased as stated in (A) or (B) above.)
PENSION INCREASES. On each 1 January that part of each pension in payment which is in excess of the GMP shall (subject to Rule G.1.2) be increased by the percentage increase in the Prices Index during the year ending on the previous 30 September. A proportionate increase shall be made to any pension which commenced after the previous 1 January except where the pension is payable to a spouse, Child or Dependant and commenced on the termination of the Member's own pension.