Pursuant to regulation. 64(1) of the 2013 Regulations and regulation 25A of the Transitional Regulations, but subject to any exercise by the Administering Authority of its power to issue a suspension notice under regulation 64(2A) of the 2013 Regulations, where this Agreement terminates in accordance with Clause 7 (Termination) or the Admission Body no longer employs an active member contributing to the Fund: 6.5.3.1 the Administering Authority must obtain an actuarial valuation as at the exit date of the Fund’s liabilities in respect of the Members (calculated on such basis as the Actuary recommends) and a revision of the Admission Body’s rates and adjustments certificate showing any exit payment due and payable by the Admission Body or any exit credit due to the Admission Body [; and] [.] 6.5.3.2 [where for any reason it is not possible to obtain all or part of any exit payment from the Admission Body or from any person providing a bond, indemnity or guarantee in accordance with Clause 8 (Risk assessment) then the Administering Authority may obtain a further revision of the rates and adjustments certificate for the Fund showing the revised contributions due from the body which is the related employer (as defined in regulation 64(8) of the 2013 Regulations) in relation to the Admission Body.]21
Appears in 2 contracts
Samples: Admission Agreement, Admission Agreement
Pursuant to regulation. 64(1) of the 2013 Regulations and regulation 25A of the Transitional Regulations, but subject to any exercise by the Administering Authority of its power to issue a suspension notice under regulation 64(2A) of the 2013 Regulations, where this Agreement terminates in accordance with Clause 7 (Termination) or the Admission Body no longer employs an active member contributing to the Fund:
6.5.3.1 the Administering Authority must shall obtain an actuarial valuation as at the exit date of the Fund’s liabilities in respect of the Members (calculated on such basis as the Actuary recommendsshall recommend) and a revision of the Admission Body’s rates and adjustments certificate showing any the exit payment due and payable by the Admission Body or any exit credit due to the Admission Body [Body; and] [.]
6.5.3.2 [where for any reason it is not possible to obtain all or part of any the exit payment from the Admission Body or from any person providing a bond, indemnity or guarantee in accordance with Clause 8 (Risk assessmentAssessment) then the Administering Authority may obtain a further revision of the rates and adjustments certificate for the Fund showing the revised contributions due from the body which is the related employer (as defined in regulation 64(8) of the 2013 Regulations) in relation to the Admission Body.]21Body. Clauses 6.5.1, 6.5.2 or 6.5.3 (Adjustment of Contribution Rate). The Admission Body will co-operate with the Administering Authority and the Actuary to provide the certificate or review.
Appears in 1 contract
Samples: Admission Agreement
Pursuant to regulation. 64(1) of the 2013 Regulations and regulation 25A of the Transitional Regulations, but subject to any exercise by the Administering Authority of its power to issue a suspension notice under regulation 64(2A) of the 2013 RegulationsRegulations and to Clause 12 (Pooling provisions), where this Agreement terminates in accordance with Clause 7 (Termination) or the Admission Body no longer employs an active member contributing to the Fund:
6.5.3.1 the Administering Authority must obtain an actuarial valuation as at the exit date of the Fund’s liabilities in respect of the Members (calculated on such basis as the Actuary recommends) and a revision of the Admission Body’s rates and adjustments certificate showing any exit payment due and payable by the Admission Body or any exit credit due to the Admission Body [Body; and] [.]
6.5.3.2 [where for any reason it is not possible to obtain all or part of any exit payment from the Admission Body or from any person providing a bond, indemnity or guarantee in accordance with Clause 8 (Risk assessment) then the Administering Authority may obtain a further revision of the rates and adjustments certificate for the Fund showing the revised contributions due from the body which is the related employer (as defined in regulation 64(8) of the 2013 Regulations) in relation to the Admission Body.]21Body.
Appears in 1 contract
Samples: Admission Agreement