Pension Index definition

Pension Index means, for the purpose of the highest average salary, in any one year, the average of the consumer price index over a 12 month period ending on December 31 in that year;
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Pension Index has the meaning set out in Section 5.08;
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Pension Index means the annual percentage increase of the Consumer Price Index, as determined by Statistics Canada, during the period of November 1 to October 31 immediately preceding the date of the pension increase;
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Examples of Pension Index in a sentence

  • There will be no interest paid on the Pension Index adjustment component of any payment.

  • The basic amounts are generally uprated according to changes in prices (National Pension Index).

  • Since 1 March 2011, rates for home and private care allowance have been adjusted annually by index (100% prices, National Pension Index).

  • The percentage adjustment for a given year shall be determined as follows: Calculate the percentage increase in the Pension Index of the current year over the Pension Index of the immediate preceding year subject to a maximum increase to eight percent and Multiply the percentage increase obtained in above by fifty percent (50%).

  • Even for years when National Pension Index has been frozen or reduced, social assistance has usually been uprated separately.Reduced rates for children: If there is more than one child (0-17) in families the rates will be reduced.

  • Once benefits commence under this policy, the employee's Long-term Disability benefits will not be further reduced by any increases in the Canada or Quebec Pension Plan benefits which result from an increase in the Pension Index.

  • Once benefits commence under this Plan, the benefit will not be further reduced by any increases in the Employee's Canada or Quebec Pension Plan benefits which result from an increase in the Pension Index.

  • More detailed reform steps call for a broader scope of collective and individual pension products, for 4 The Melbourne Mercer Global Pension Index is published annually by the Monash Centre of Financial Studies.

  • The top 7 countries in terms of VPS vs GDP rank in the top 22 places in the 2023 Mercer's Global Pension Index, proving that the most robust pension systems worldwide have highly developed VPS programs.

  • The Pension Index for a given year is calculated as the average for the twelve (12) month period ending October 31 in the preceding year of the CPI for each month in that twelve (12) month period.


More Definitions of Pension Index

Pension Index means RPI plus 1.5%;
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Pension Index means the Consumer Price Index for the six State capitals published by the Australian Commonwealth Statistician or any other published or calculated index which the Trustee on the advice of the Actuary in consultation with the Principal Company determines as being an index which reasonably reflects changes in the costs of living of pensioners.
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Pension Index means the average of the Consumer Price Index for all items for Canada published by Statistics Canada for each month of the preceding twelve months ending with April of the preceding Indexing Period;
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Pension Index for any year means the Consumer Price Index for Canada, as published by Statistics Canada under the authority of the Statistics Act, for the month ending 30 June in that year, except that for any year in which that index is less than the corresponding Pension Index for the preceding year, the Pension Index shall be taken to be the Pension Index for the preceding year. Furthermore, where at any time the Consumer Price Index is adjusted to reflect a new time basis or a new content basis with a resulting percentage adjustment being made in the figures for that index, a corresponding percentage adjustment shall be made in all values then existing of the Pension Index.
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Pension Index. Means RPI plus [1.5%] Relevant Employees means the employees who are the subject of a Relevant Transfer;
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Pension Index means, for any one year, the average of the consumer price index over a 12 month period ending on December 31 in that year; "pensionable age" means 5 years less than maximum retirement age;
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Related to Pension Index

  • Inflation Index means each inflation index specified in the applicable Final Terms and related expressions shall be construed accordingly.

  • CPI Index is defined in Section 2.1(c) of this Agreement.

  • National Cost of Funds Index The National Monthly Median Cost of Funds Ratio to SAIF-Insured Institutions published by the Office of Thrift Supervision.

  • SIFMA Index means the Securities Industry and Financial Markets Association Municipal Swap Index, produced by Municipal Market Data, or if such index is not published, then such other index selected by the Treasurer which reflects the yield of tax-exempt seven-day variable rate demand bonds.

  • CMT Index Not applicable.

  • Reference Index means each of the indices comprising the Reference Portfolio.

  • Base Index means the most recent Consumer Price Index published immediately prior to the Commencement Date.

  • RPIX Index shall have the meaning given to it in paragraph 5.4 of Schedule 3 (Charging Structure) of this Framework Agreement;

  • Case-mix index means an arithmetical index measuring the relative average costliness of outpatient cases treated in a hospital, compared to the statewide average.

  • Limited Indexation Month means any month specified in the relevant Final Terms for which a Limited Indexation Factor is to be calculated;

  • Hazard Index means the sum of two or more hazard quotients for multiple hazardous substances and/or multiple exposure pathways.

  • Municipal Revitalization Index means the 2007 index by the

  • SOFR Index Cessation Date means, in respect of a SOFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the SOFR), ceases to publish the SOFR, or the date as of which the SOFR may no longer be used.

  • SOFR Index means, with respect to any U.S. Government Securities Business Day:

  • Adjusted Net Earnings from Operations means, with respect to any fiscal period of the Borrower, the Borrower’s net income after provision for income taxes for such fiscal period, as determined in accordance with GAAP and reported on the Financial Statements for such period, excluding any and all of the following included in such net income: (a) gain or loss arising from the sale of any capital assets; (b) gain arising from any write-up in the book value of any asset; (c) earnings of any Person, substantially all the assets of which have been acquired by the Borrower in any manner, to the extent realized by such other Person prior to the date of acquisition; (d) earnings of any Person in which the Borrower has an ownership interest unless (and only to the extent) such earnings shall actually have been received by the Borrower in the form of cash distributions; (e) earnings of any Person to which assets of the Borrower shall have been sold, transferred or disposed of, or into which the Borrower shall have been merged, or which has been a party with the Borrower to any consolidation or other form of reorganization, prior to the date of such transaction; (f) gain arising from the acquisition of debt or equity securities of the Borrower or from cancellation or forgiveness of Debt; (g) gains or non-cash losses arising from Hedge Agreements entered into by Borrower, and (h) gain arising from extraordinary items, as determined in accordance with GAAP, or from any other non-recurring transaction.

  • HICP Daily Inflation Reference Index means (A) in relation to the first day of any given month, the HICP Monthly Reference Index of the third month preceding such month, and (B) in relation to a day (D) (other than the first day) in any given month (M), the linear interpolation of the HICP Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • Compounded Index means either the SONIA Compounded Index or the SOFR Compounded Index, as specified in the relevant Final Terms;

  • OBFR Index Cessation Date means, in respect of an OBFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the OBFR), ceases to publish the OBFR, or the date as of which the OBFR may no longer be used.

  • Working level month (WLM) means an exposure to 1 working level for 170 hours (2,000 working hours per year divided by 12 months per year is approximately equal to 170 hours per month).

  • CPI Daily Inflation Reference Index means (A) in relation to the first day of any given month, the CPI Monthly Reference Index of the third month preceding such month, and (B) in relation to a day (D) (other than the first day) in any given month (M), the linear interpolation of the CPI Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • Adjusted EURIBO Rate means, with respect to any EURIBOR Borrowing for any Interest Period, an interest rate per annum equal to the sum of (a) the EURIBO Rate for such Interest Period and (b) the Mandatory Costs Rate.

  • Quarterly Average Excess Availability means, at any time, the daily average of the Excess Availability for the immediately preceding fiscal quarter as calculated by Agent in good faith.

  • Final Index Level : means the Closing Level of the FTSE 100 Index on the Investment End Date.

  • €STR Index Cessation Effective Date means, in respect of an €STR Index Cessation Event, the first date on which €STR is no longer provided by the European Central Bank (or any successor administrator of €STR), as determined by the Issuer and notified by the Issuer to the Calculation Agent;

  • Initial Index Level means the closing level of the FTSE 100 on the Start Date.

  • SOFR IndexEnd means the SOFR Index value on the date that is the number of U.S. Government Securities Business Days specified in the relevant Final Terms preceding the Interest Payment Date relating to such Interest Accrual Period (or in the final Interest Accrual Period, the Maturity Date).