Increase Act definition

Increase Act means the Pensions (Increase) Act 1971.
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Examples of Increase Act in a sentence

  • Annual increases are applied to pension payments at rates defined by the Pensions (Increase) Act 1971, and are based on changes in retail prices in the twelve months ending 30 September in the previous calendar year.

  • The Scheme employer may enter into an APC contract with a Scheme member who is contributing to the MAIN section of the Scheme in order to purchase additional pension of not more than the additional pension limit (£6,500 from 1st April 2014 subject to annual increase in line with the Pensions (Increase) Act 1971).

  • The figure of £6,500 that applied at April 2014 is increased each April (starting April 2015) under the Pension (Increase) Act 1971 (as if it were a pension with a PI date of 1 April 2013).

  • Pension increases are made in accordance with the Pensions (Increase) Act 1974, by way of the Isle of Man Treasury’s Pensions Increase (Annual Review) Order.

  • LGPS pensions are increased in line with the rise in the Consumer Price Index (CPI), in accordance with the Pensions Increase Act 1971.

  • Pension IncreasesPensions which are in payment and deferment are increased each April in accordance with the Pension (Increase) Act 1971.

  • Pensions payable are increased annually in line with changes in the Pensions (Increase) Act 1971 and Section 59 of the Social Security Pension Act 1975.

  • This new provision is known as “pension commutation”.Annual increases are applied to pension payments at rates defined by the Pensions (Increase) Act 1971, and are based on changes in retail prices in the twelve months ending 30 September in the previous calendar year.

  • Government policy in recent years has been to base both pensions increase under the Pensions (Increase) Act 1971 and revaluation of pension accounts under section 9 of the Public Service Pensions Act 2013 on the rate of CPI for September of the previous year.

  • Although the relevant actuarial guidance refers to RPI, rather than to increases under the Pensions (Increase) Act 1971, this is because a reference to that Act would incorrectly produce increases by reference to CPI rather than to RPI.

Related to Increase Act

  • Commitment Increase Agreement has the meaning assigned to such term in Section 2.20.

  • Commitment Increase Notice has the meaning assigned to such term in Section 2.19.

  • Commitment Increase Supplement as defined in subsection 2.20(c).

  • Commitment Increase Date has the meaning assigned to such term in Section 2.08(e).

  • Increase Amount is defined in Section 2.3(a).

  • Commitment Increase has the meaning specified in Section 2.18(a).

  • Increase Lender has the meaning given to that term in Clause 2.2 (Increase).

  • Additional Commitment means any commitment hereunder added pursuant to Sections 2.22, 2.23 or 9.02(c).

  • Additional Commitments means any commitments hereunder added pursuant to Section 2.22, 2.23 or 9.02(c).

  • Corrective Extension Amendment has the meaning specified in Section 2.16(6).

  • CPI Increase means the percentage increase in CPI over the preceding Lease Year as calculated by the fraction whose numerator is (a) the most current CPI available on the date of calculation minus (b) the most current CPI available on the first day of the immediately preceding Lease Year in question (the “Base CPI”), and whose denominator is the Base CPI, but in no event shall the “CPI Increase” be less than zero.

  • Increase Date has the meaning specified in Section 2.18(a).

  • General Wage Increase means a general wage increase resulting from the formula set out in this LOA and applied as a percentage increase to all wage rates in the collective agreement on the first pay day after the commencement of the eleventh (11th) month in a collective agreement year;

  • Plantwide applicability limitation (PAL means an emission limitation expressed in tons per year, for a pollutant at a major stationary source, that is enforceable as a practical matter and established source-wide in accordance with Chapter 19, section 011.

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Leverage Increase Period has the meaning specified in Section 7.11(a).

  • Increase Notice is defined in Section 2.19.

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Extension Amendment has the meaning set forth in Section 2.16(d).

  • Basel III Regulation means, with respect to any Affected Person, any rule, regulation or guideline applicable to such Affected Person and arising directly or indirectly from (a) any of the following documents prepared by the Basel Committee on Banking Supervision of the Bank of International Settlements: (i) Basel III: International Framework for Liquidity Risk Measurement, Standards and Monitoring (December 2010), (ii) Basel III: A Global Regulatory Framework for More Resilient Banks and Banking Systems (June 2011), (iii) Basel III: The Liquidity Coverage Ratio and Liquidity Risk Monitoring Tools (January 2013), or (iv) any document supplementing, clarifying or otherwise relating to any of the foregoing, or (b) any accord, treaty, statute, law, rule, regulation, guideline or pronouncement (whether or not having the force of law) of any governmental authority implementing, furthering or complementing any of the principles set forth in the foregoing documents of strengthening capital and liquidity, in each case as from time to time amended, restated, supplemented or otherwise modified. Without limiting the generality of the foregoing, “Basel III Regulation” shall include Part 6 of the European Union regulation on prudential requirements for credit institutions and investment firms (the “CRR”) and any law, regulation, standard, guideline, directive or other publication supplementing or otherwise modifying the CRR.

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Incremental Term Loan Amendment has the meaning assigned to such term in Section 2.20.

  • Extension limitation means (a) the lesser of 5% or the

  • Facility Increase has the meaning provided in Section 2.15(a).