Defined Benefit Rules definition

Defined Benefit Rules means the special rules set out in Appendix 3 for Members of Defined Benefit Schemes.
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Defined Benefit Rules means the Rules governing membership of the Defined Benefit Section of the Plan as set out in the Deed establishing the Defined Benefit Section of the Plan, executed on the same date as this Trust Deed (as may be amended from time to time).
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Examples of Defined Benefit Rules in a sentence

  • The Actuary's opinion in this regard shall be conclusive and binding on the persons concerned; or (b) affect any arrangements in place at the date of this Deed under Schedule 5 to the Definitive Deed (Additional Benefits (Defined Benefit) Rules); or (c) amend any rights or entitlements under the NPS and GPS as provided by the NPS Definitive Trust Deed and the GPS Definitive Trust Deed which were in place immediately before the Effective Date.

  • The provisions of the Additional Benefits (Defined Benefit) Rules, the Additional Benefits (Defined Contribution) Rules, the Shift Pay Pension Plan Rules, the Scheme Limits Rules and the Contracting Out Rules shall apply to all Members other than New Joiners or Ex-Spouses of New Joiners (unless otherwise indicated in those provisions).

  • The Defined Benefit Rules also allow accrual on a career average basis in certain circumstances (see Defined Benefit Rule 5.1 (Matrix Options: pension accrual)).

  • PROVIDED THAT a Child who is an Eligible Child but was not, at the sole discretion of the Trustee, dependent upon the deceased Member, Retiree, Deferred Retiree or Postponed Retiree for the ordinary necessaries of life, may be deemed not to be an Eligible Child and the Child’s Allowance described in Rule 11 of Schedule E of the Defined Benefit Rules shall not be paid UNLESS such Child is the only Child of the deceased Member, Retiree, Deferred Retiree or Postponed Retiree.

  • The Purchaser shall have safisfied itself, in its sole discretion, as to the operability and construction of the Technology listed in Schedule "1" hereto on or before March 6, 2000.

  • A Member who elects to become an Enhanced M Plan Member under Rule 1(6) of the Money Purchase Rules shall, on the date that he becomes an Enhanced M Plan Member, automatically become an Enhanced Deferred Member under the Defined Benefit Rules.

  • Any excess monies remaining, after the three Priorities in (5) above have all been satisfied shall be used to provide such increases in benefits payable under the Defined Benefit Rules (or benefits for persons not otherwise entitled under the Plan) not exceeding Inland Revenue Limits as the Trustee shall decide.

  • In relation to the beneficiaries under the Money Purchase Section, in no circumstances following any event referred to in Clause 1 of this Part shall the benefits payable by reference to any person’s Retirement Account be reduced in order to secure any liabilities arising under the Defined Benefit Rules, save where any such reduction is necessary to comply with the requirements of the 1995 Act or such benefits exceed Inland Revenue limits.

  • By virtue of its aforementioned power and with the consent of the Principal Employer as is signified by its execution of this Deed and following consultation with the Actuary the Trustee HEREBY ADOPTS the following provisions as the 1997 Definitive Trust Deed (the “Trust Deed”) of the Plan and HEREBY AGREES to the replacement of the provisions of the 1995 Deed in its entirety with the provisions of this Trust Deed the 1997 Money Purchase Rules and the 1997 Defined Benefit Rules.

  • Each Defined Benefit Scheme is governed by the Rules and the Defined Benefit Rules in this Appendix 3 subject to any additions or modifications contained in the relevant Scheme Document.The Scheme Document of each Defined Benefit Scheme will indicate the options chosen from these Defined Benefit Rules on the commencement of the Defined Benefit Scheme (or a subsequent amendment).

Related to Defined Benefit Rules

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Seller Benefit Plan means each Employee Benefit Plan sponsored, maintained or contributed to by a Seller or any of its Affiliates or with respect to which a Seller or any of its Affiliates has, or could reasonably be expected to have, any direct or indirect Liability.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).