Fair Deal definition

Fair Deal means the guidance issued by HM Treasury in October 2013 or any subsequent guidance on fair deal for staff pensions for staff transferring from the public sector under the control of Central Government
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Fair Deal means the Cabinet Office Statement entitled “A Fair Deal for Pensions: staff transfer from central government” (October 2013 and as may be further amended from time to time) and, where applicable, any related guidance notes issued by HM Treasury (as amended from time to time);
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Fair Deal means: (1) “Staff transfers from central government: a fair deal for staff pensions”, Guidance to Departments and Agencies, HM Treasury, 1999 (re-published in 2000 as an appendix to the Cabinet Office Statement of Practice entitled “Staff Transfers in the Public Sector”); and  (2) “Fair Deal for staff pensions: procurement of bulk transfer agreements and related issues”, Guidance Note by HM Treasury, 2004;
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Examples of Fair Deal in a sentence

  • New Fair Deal The revised Fair Deal position in the HM Treasury guidance: “Fair Deal for staff pensions: staff transfer from central government” issued in October 2013 as amended.

  • The Parties acknowledge that the Civil Service Compensation Scheme and the Civil Service Injury Benefit Scheme (established pursuant to section 1 of the Superannuation Act 1972) are not covered by the protection of New Fair Deal.

  • The Supplier shall procure that the Fair Deal Employees, shall be either admitted into, or offered continued membership of, the relevant section of the Schemes that they currently contribute to, or were eligible to join immediately prior to the Relevant Transfer Date and the Supplier shall procure that the Fair Deal Employees continue to accrue benefits in accordance with the provisions governing the relevant section of Schemes for service from (and including) the Relevant Transfer Date.

  • If the Supplier is rejoining the Schemes for the first time, the Supplier shall procure that the Fair Deal Employees shall be either admitted to or offered continued membership of the relevant section of the Schemes that they became eligible to join on the Relevant Transfer Date and shall continue to accrue or accrue benefits in accordance with the provisions governing the relevant section of the Schemes for service from (and including) the Relevant Transfer Date.

  • The Supplier undertakes to the Customer to indemnify and keep indemnified the Customer on demand from and against all and any Losses whatsoever arising out of or in connection with any liability towards the Fair Deal Employees arising in respect of service on or after the Relevant Transfer Date which relate to the payment of benefits under an occupational pension scheme (within the meaning provided for in section 1 of the Pension Schemes Act 1993) or the Schemes.

  • The Supplier undertakes to the Customer to indemnify and keep indemnified the Customer on demand from and against all and any Losses whatsoever arising out of or in connection with any liability towards the Fair Deal Employees arising in respect of service on or after the Relevant Transfer Date which relate to the payment of benefits under and/or participation in an occupational pension scheme (within the meaning provided for in section 1 of the Pension Schemes Act 1993) or the Schemes.

  • The Parties agree that where a Successor or the Authority provides the Services or services which are fundamentally the same as the Services in the immediate or subsequent succession to the Supplier or Sub-contractor (in whole or in part) on expiry or early termination of this Contract (howsoever arising) TUPE, the Cabinet Office Statement and Fair Deal for Staff Pensions may apply in respect of the subsequent provision of the Services or services which are fundamentally the same as the Services.

  • The Contractor shall, from the date of any Relevant Transfer during the Contract Period (including from the Commencement Date, where there is a Relevant Transfer on that date), comply and ensure that each Sub- contractor complies with the revised Fair Deal position set out in HM Treasury’s Guidance “Fair Deal for staff pensions: staff transfer from Central government” issued in October 2013 (“the New Fair Deal”) and any related governmental guidance or codes of practice.

  • The relevant Fair Deal Eligible Employees must be given the option to transfer their accrued benefits from the previous Broadly Comparable pension scheme to the new Broadly Comparable pension scheme on day for day and/or pound for pound terms (as applicable) (or actuarially equivalent where there are benefit differences between the two schemes).

  • The Supplier undertakes to DFID to indemnify and keep indemnified DFID on demand from and against all and any Losses whatsoever arising out of or in connection with any liability towards the Fair Deal Employees arising in respect of service on or after the Relevant Transfer Date which relate to the payment of benefits under and/or participation in an occupational pension scheme (within the meaning provided for in section 1 of the Pension Schemes Act 1993) or the Schemes.


More Definitions of Fair Deal

Fair Deal means the Guidance Note by Her Majesty’s Treasury entitled “Fair Deal for Staff Pensions: Procurement of Bulk Transfer Agreements and Related Issues (June 2004) and any subsequent amendments, revisions or later versions; the version in force as of the Commencement Date is available at http://www.hm-treasury.gov.uk/d/pensions_bta_guidance_290604.pdf
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Fair Deal the HM Treasury Statement of Practice on Staff Transfers – A Fair Deal for Staff Pensions, as revised from time to time. "The Code of Practice" – the Code of Practice on Workforce Matters In Public Sector Service Contracts, as amended from time to time. Key Principles The Partners agree and accept that the Regulations recognise that there will be far fewer genuinely exceptional circumstances where the Regulations do not apply following the introduction of the 2006 Regulations. Accordingly, the Partners will work on the premise that the Regulations apply to transfers of staff between the partners, between the partners and the private sector and voluntary organisations, and between the partners and different parts of the public sector, and that the Regulations will only not apply where there are genuinely exceptional reasons for them not to do so. The Partners further agree and accept that the Regulations apply by operation of law, and that therefore any agreement reached between the partners, or between either or both of the partners and any third party which effectively attempts to obviate the effects of the Regulations will be void insofar as it contradicts either the Regulations or the key principles herein. In those circumstances where the Regulations do not apply in strict legal terms, the Partners agree that any affected staff will be subject to the principles of the Regulations, and the staff involved shall be treated no less favourably than if the Regulations had applied. The Partners agree to work in accordance with, and subject to the principles of the Cabinet Office Statement, Fair Deal, and the Code of Practice insofar as those apply to each Partner. It is not the intention of the key principles herein to bind any Partner to those Codes or guidances which do not apply to them. The Partners agree that the key principles will apply both to any initial and any subsequent transfers of staff, including any second generation transfers and transfers back of staff back to either or both of the Partners. Consideration of TUPE and potential TUPE situations The Partners recognise and agree that it is essential to have at an early stage a detailed consideration of potential transfers and the likely impact on staff. This means that there would be proper information sharing between the Partners to enable each partner to be fully apprised of any such potential changes, and to enable the Partners to comment fully and be involved where appropriate in any of the ...
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Related to Fair Deal

  • New Fair Deal the revised Fair Deal position set out in the HM Treasury guidance: “Fair Deal for staff pensions: staff transfer from central government” issued in October 2013;

  • Reasonable Care means the use of reasonable custodial practices under the applicable circumstances as measured by the custodial practices then prevailing in Russia of International Financial Institutions acting as custodians for their institutional investor clients in Russia.

  • Restricted Broker-Dealer Any Broker-Dealer which holds Broker-Dealer Transfer Restricted Securities.

  • fair and reasonable conditions means appropriate conditions, including possible financial terms or royalty-free conditions, taking into account the specific circumstances of the request for access, for example the actual or potential value of the results or background to which access is requested and/or the scope, duration or other characteristics of the exploitation envisaged;

  • Fair Credit Reporting Act The Fair Credit Reporting Act of 1970, as amended.