Equivalent Pension Benefits definition

Equivalent Pension Benefits means a pension equal to the minimum rate of equivalent pension benefits applicable under the 1965 Act in respect of any period during which a Member has been in Non-Participating Employment (as defined in the 1965 Act).
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Equivalent Pension Benefits means the equivalent pension benefit as described in Section 57( 1) of the 1965 Act and in respect of such member the “equivalent pension benefit” shall be calculated for the purposes of the Rules in relation to all periods which are, or are credited as, periods of Service as a Member for the purposes of the Rules insofar as they are periods of “non-participating employment” (as defined in the 1965 Act).
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Equivalent Pension Benefits means such benefits as are excluded by Section 13(6) of the 1993 Act from earners' guaranteed minimum pensions (as defined in the 1993 Act).
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Examples of Equivalent Pension Benefits in a sentence

  • For this purpose the qualifying part means the whole of the deferred pension but excluding any part of the deferred pension attributable to Additional Voluntary Contributions (whether paid on an added years or money-purchase basis), any pension which only represents Equivalent Pension Benefits and any benefits derived from a transfer-in of assets to the Old Plan.

  • For this purpose the qualifying part means the whole of the pension but excluding any part of the pension attributable to Additional Voluntary Contributions (whether paid on an added years or money-purchase basis), any pension which only represents Equivalent Pension Benefits and any pension derived from a transfer-in of assets to the Old Plan.


More Definitions of Equivalent Pension Benefits

Equivalent Pension Benefits means, in relation to a Member in respect of whom the Trustees have accepted a transfer of assets representing (in whole or in part) in relation to any period, equivalent pension benefits for the purposes of the National Insurance Xxx 0000, a pension in respect of such period of the minimum amount
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Equivalent Pension Benefits means those pensions benefits for which the Scheme is liable in accordance with the provisions of the National Insurance Act 1965 as to Part III thereof or the National Insurance Act (Northern Ireland) 1966 as to Part III thereof (or any statutory modification or re-enactment of those provisions for the time being in force and any statutory regulations made thereunder.
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Equivalent Pension Benefits means Equivalent Pension Benefits as defined in Rule 57 (Contracting-out of the old State graduated scheme).
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Equivalent Pension Benefits means the benefits defined in section 57(1) of the National Insurance Act 1965 in respect of a period of membership in non-participating employment within the meaning of that Act in respect of which no payment in lieu of contributions had been made;
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Related to Equivalent Pension Benefits

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • Actuarial equivalent means a benefit of equal value when

  • SERP Benefit means the benefit described in Section 5.1.

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Canadian Defined Benefit Pension Plan means a Canadian Pension Plan that contains or has ever contained a “defined benefit provision” as such term is defined in Section 147.1(1) of the Income Tax Act (Canada).

  • Retirement Benefit means the benefit set forth in Article 5.

  • Termination Benefit means the benefit set forth in Article 7.

  • state pension credit means state pension credit under the State Pension Credit Act 2002;

  • war pension means a war disablement pension, a war widow’s pension or a war widower’s pension;

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • superannuation benefit means any payment, other than a refund of contributions, made to a dentist by virtue of the application of the (a) National Health Service Pension Scheme Regulations 1995; or (b) the National Health Service Superannuation Scheme (Scotland) Regulations 1995 or (c) the corresponding provisions of the law in force in Northern Ireland; as a result of his providing general dental services;

  • Regular benefits ’ means benefits payable to an individual under this act or under any other state law, including benefits payable to federal civilian employees and to ex-servicemen pursuant to 5 U.S.C. chapter 85, other than extended benefits.

  • Actuarially Equivalent or "of equal actuarial value" means a benefit of equal value

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • qualifying age for state pension credit means (in accordance with section 1(2)(b) and (6) of the State Pension Credit Act 2002)—

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Change in Control Benefit means the benefit set forth in Section 4.1 below.

  • Canadian Pension Plan means a pension plan or plan that is subject to applicable pension benefits legislation in any jurisdiction of Canada and that is organized and administered to provide pensions, pension benefits or retirement benefits for employees and former employees of any Loan Party or any Subsidiary thereof.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Accrued Benefit have the meanings specified in ERISA.

  • Disability Support Pension means the Commonwealth pension scheme to provide income security for persons with a disability as provided under the Social Security Act 1991, as amended from time to time, or any successor to that scheme.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Disability Benefit means the benefit set forth in Article 8.

  • Pension Benefits Act means The Pension Benefits Act of Ontario and regulations thereunder as amended from time to time.

  • war disablement pension means any retired pay or pension or allowance payable in respect of disablement under an instrument specified in section 639(2) of the Income Tax (Earnings and Pensions) Act 2003;