Pension Regulator definition
Examples of Pension Regulator in a sentence
No notices, fines, or other sanctions have been issued by the Pensions Regulator and no instances of non-compliance with the automatic enrolment obligations have been notified to the Pension Regulator in respect of the Company.
If an employee makes this election, the Company will make an initial contribution in a manner permitted by the Pension Regulator of $2,200 into the employees Defined Contribution account.
For certain categories of worker, the Company has a legal obligation to enrol you automatically into a pension scheme and this will result in deductions being made from your income and paid into the scheme on your behalf; if you choose to opt-out of the scheme after being enrolled (which must be completed within regulatory period as specified by the Pension Regulator of enrolment) any monies deducted from your income will be refunded.
The RAA Deed shall have been approved by the Pension Regulator of the United Kingdom and shall not have been vacated or reversed.
For the avoidance of doubt, “foreign or local law or regulation” shall include, without limitation, any requirement of the U.K. Pension Regulator or similar authority.
From time to time, DP Administration Limited will provide technical updates, usually in the form of newsletters, regarding changes in pensions related legislation, HMRC guidance and the requirements of The Pension Regulator where such changes are relevant to the Scheme.
The RAA Deed and the Clearance Application shall have been approved by the Pension Regulator of the United Kingdom and shall not be subject to appeal or have been vacated or reversed, and the Pension Protection Fund shall have issued the PPF Non-Objection.
The Borrowers shall, and shall cause each Subsidiary to, if a material liability to a Borrower or a Guarantor would result, promptly notify the Administrative Agent of: (i) the occurrence of any reportable event with respect to a Canadian Plan, or (ii) receipt of any notice from the Canadian Pension Regulator of its intention to seek termination or wind‑up, in whole or in part, of any Canadian Plan or appointment of a trustee therefor, in a non-standard termination.
Based on the most recent actuarial valuations filed with government authorities (including, without limitation, the Canadian Pension Regulator), (i) each of the Canadian Pension Plans was fully funded on a solvency basis as of the date of such actuarial valuations, (ii) no retirement plan constituted under a Canadian Pension Plan or Canadian Benefit Plan was unfunded, and (iii) no group insurance plan had a deficit reserve.
Any employee that is not in the Defined Contribution Plan as of the date of ratification of the Agreement will receive an initial contribution made to his Defined Contribution account to a maximum of $1,770—prorated based on his years of service with the Company, in a manner permitted by the Pension Regulator.