Annual Service Cost Contribution means the Operator’s contributions to a Defined-Contribution Pension Scheme during the year for which the charges are to be made for the Operator’s employees who are temporarily or permanently employed in the Joint Operations.
Examples of Annual Service Cost Contribution in a sentence
The Annual Service Cost Contribution, Annual Service Cost Hybrid and Annual Service Cost Benefit are final settlements for the accrued pension obligations during the period.
Employer’s contribution The Operator can calculate and charge the employer’s contribution to the Joint Account for Annual Service Cost Contribution, Annual Service Cost Benefit and Annual Service Cost Hybrid.
The Operator's pension expenses shall be charged to the Joint Account according to the rules in Article 2.1.3, with the exception of restructuring costs that are charged according to Article 2.1.2.4. Main rule for charging of pension cost Annual Service Cost Contribution can be charged to the Joint Account continuously.