Broadly Comparable definition

Broadly Comparable means certified by an Actuary as satisfying the condition that there are no identifiable Eligible Employees who would overall suffer material detriment in terms of their future accrual of Pension Benefits under the scheme compared with the NHS Pension Scheme assessed in accordance with Annex A of Fair Deal for Staff Pensions;

Broadly Comparable means, in respect of a pension scheme, a status demonstrated by the issue of a broad comparability certificate by GAD or as otherwise required by Fair Deal on Staff Pensions;

Broadly Comparable in respect of a pension scheme, a status demonstrated by the issue by the Government Actuary’s Department of a broad comparability certificate relating to: the [*** insert name of relevant public sector pension scheme ***] (in respect of Transferring Pensionable Customer Employees); or the [*** insert name of relevant public sector pension scheme ***] (in respect of Second Generation Fair Deal Employees).

Examples of Broadly Comparable in a sentence

• As soon as reasonably practicable and in any event no later than twenty (20) Business Days after the Employee Transfer Date, the Supplier must provide the Eligible Employees with the Transfer Option, where a Third Party offered, or the Supplier offers, a Broadly Comparable scheme.

• Clause 1.2 will apply in the exceptional circumstances where the Authority permits the Supplier to enable relevant staff to have access or continued access to a Broadly Comparable pension scheme.

• If the Authority in its sole discretion agrees that the Supplier or Sub-contractor need not provide the Eligible Employees with access to the NHS Pension Scheme, the Supplier must ensure that, with effect from the Employee Transfer Date until the day before the Subsequent Transfer Date, the Eligible Employees are offered access to a scheme under which the Pension Benefits are Broadly Comparable to those provided under the NHS Pension Scheme.

• Clause 1.2 (Broadly Comparable Pension Benefits) will not be relevant to most contracts.

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• The Supplier must supply to the Authority details of its (or its subcontractor’s) Broadly Comparable scheme and provide a full copy of the valid certificate of Broad Comparability covering all Eligible Employees, as soon as it is able to do so and in any event no later than twenty eight (28) days before the Employee Transfer Date.

• The Supplier must supply to the Authority details of its Broadly Comparable scheme and provide a full copy of the valid certificate of Broad Comparability covering all Eligible Employees, as soon as it is able to do so and in any event no later than twenty eight (28) days before the Employee Transfer Date.

• This must include evidence showing that a certificate from the Government Actuary’s Department certifying that the Supplier’s Scheme is Broadly Comparable will be in force as at the Transfer Date.

• Clause 1.4 will apply in the exceptional circumstances where the Authority permits the Supplier to enable relevant staff to have access or continued access to a Broadly Comparable pension scheme.

• This must include evidence showing that a certificate from the Government Actuary’s Department will be in force as at the Transfer Date certifying that in respect of transferring Second Generation Fair Deal Employees, the Supplier’s Scheme is Broadly Comparable.

More Definitions of Broadly Comparable

Broadly Comparable in respect of a pension scheme, a status satisfying the condition that there are no identifiable employees who will suffer material detriment overall in terms of future accrual of pension benefits as assessed in accordance with Annex A of New Fair Deal and demonstrated by the issue by the Government Actuary’s Department of a broad comparability certificate; and/or in respect of benefits provided for or in respect of a member under a pension scheme, benefits that are consistent with that pension scheme’s certificate of broad comparability issued by the Government Actuary’s Department, and "Broad Comparability" shall be construed accordingly;

Broadly Comparable means in accordance with paragraph 14 of Annex A to the Cabinet Office document ‘Staff Transfers in the Public Sector’ Statement of Practice dated January 2000;

Broadly Comparable means: in respect of a pension scheme, a status satisfying the condition that there are no identifiable employees who will suffer material detriment overall in terms of future accrual of pension benefits as assessed in accordance with Annex A of New Fair Deal and demonstrated by the issue by the Government Actuary's Department of a broad comparability certificate; and/or in respect of benefits provided for or in respect of a member under a pension scheme, benefits that are consistent with that pension scheme's certificate of broad comparability issued by the Government Actuary's Department, and "Broad Comparability" shall be construed accordingly

Broadly Comparable in respect of a pension scheme, a status demonstrated by the issue by the Government Actuary’s Department of a broad comparability certificate relating to the PCSPS;

Broadly Comparable means in accordance with paragraph 14 of Annex A to the Cabinet Office document ‘Staff Transfers in the Public Sector’ Statement of Practice dated January 2000 “Bulk Transfer Liability” means the value of providing Broadly Comparable benefits for the Transferring Members based on the Replacement Contractor’s actuarial assumptions and methodologies “Business Continuity Plan” means the plan to be produced by the Contractor pursuant to Schedule 17 “Business Unit” means any business area within DWP and includes but is not limited to Job Centre Plus, the Pensions Service, the Child Support Agency, the Disability and Carers Service, and Debt Management Service “Change Control Procedure” means the procedures set out in Schedule 9 “Change in Law”

Broadly Comparable means in accordance with paragraph 14 of Annex A to the Cabinet Office document ‘Staff Transfers in the Public Sector’ Statement of Practice dated January 2000 “Bulk Transfer Liability” means the value of providing Broadly Comparable benefits for the Transferring Members based on the Replacement Contractor’s actuarial assumptions and methodologies “Business Continuity Plan” means the plan to be produced by the Contractor pursuant to Schedule 17 “Business Unit” means any business area within DWP and includes but is not limited to Job Centre Plus, the Pensions Service, the Child Support Agency, the Disability and Carers Service, and Debt Management Service “Change Control Procedure” means the procedures set out in Schedule 9 “Change in Law”