Pensions Bond definition

Pensions Bond means a bond to be executed in the Administering Authority’s standard form to the value determined by the Administering Authority’s actuary;
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Pensions Bond means a bond to be executed in the Administering Authority’s
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Examples of Pensions Bond in a sentence

  • Save where the Council is the employer of the Eligible Employees, the costs of obtaining the Pensions Bond shall be recoverable from the Customer as a direct pass-through cost, without the addition of overhead or margin.

  • The Trustees have agreed to "run-off" the Pensions Bond by settling annuities/benefits for each member as they retire.

  • When appropriate, the Trustees, on the recommendation of Scottish Widows as Scheme Administrator, decide on the amount of cash required for benefit payments and other outgoings and inform the Pensions Bond provider of any liquidity requirements.

  • Pensions Bond value: does not apply (clause13) 9 Licence to Occupy Council Premises clause 15 does not apply 10 Parent Company Guarantee clause 17.1 and Schedule 8 applies (where the value of contract is £250k and above) 11 Performance Bond clause 18 and0 do not apply 12 Payment and VAT A.

  • The Pensions Bond will be used to secure benefits in respect of members' service where it applies including any increases in payment.

  • The custody and safekeeping of the Pensions Bond assets are provided by State Street Global Advisors.

  • The majority of the Scheme's bond-type exposure is obtained by holding a Scottish Widows' Pensions Bond ("the Pensions Bond").

  • The Trustees consider the Pensions Bond to be a suitable vehicle for providing the proceeds needed to secure members' future pensions, as and when these fall due.

  • Pensions Bond value: does not apply (clause13) 9 Licence to Occupy Council Premises clause 15 does not apply 10 Parent Company Guarantee clause 17.1 and Schedule 8 applies (where the value of contract is £250k and above) 11 Performance Bond clause 18 and 0 do not apply 12 Payment and VAT A.

Related to Pensions Bond

  • Pensions means annual payments for life derived from contributions made by the employer that at the time of retirement are credited into the annuity and pension reserve fund from the employers' accumulation fund and paid from the annuity and pension reserve fund as provided in this chapter. All pensions shall be paid in twelve equal monthly installments.

  • Pensions Regulator means the body corporate called the Pensions Regulator established under Part I of the Pensions Xxx 0000.

  • pension means a pension or annual allowance paid under the Public Service Superannuation Act (PSSA), R.S., 1985, c. P-36, and any increases paid pursuant to the Supplementary Retirement Benefits Act, R.S., 1985, c. S-24 as it affects the PSSA. It does not include pensions payable pursuant to the Canadian Forces Superannuation Act, R.S., 1985, c. C-17, the Defence Services Pension Continuation Act, 1970, c. D-3, the Royal Canadian Mounted Police Pension Continuation Act , 1970, c. R-10, and the Royal Canadian Mounted Police Superannuation Act, R.S., 1985, c. R-11, the Members of Parliament Retiring Allowances Act, R.S. 1985, c. M-5, and that portion of pension payable to the Canada Pension Plan Act, R.S., 1985, c. C-8.

  • Pension Schemes means the Nord Anglia Joint Pension Scheme, the Wyburn School Limited Pension Life Assurance Scheme (1985) and the Lifetime Pension Scheme, and “Pension Scheme” means any one of them.

  • Pension Plan means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by the Borrower or any ERISA Affiliate or to which the Borrower or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five plan years.

  • Pension Scheme means a contract, an agreement, a trust deed or rules stipulating which retirement benefits are granted and under which conditions;

  • Pension Fund means any person that: (i) is organized under the laws of a Contracting State; (ii) is established and maintained in that Contracting State primarily to administer or provide pensions or other similar remuneration, including social security payments; and (iii) is exempt from tax in that Contracting State with respect to the activities described in clause (ii).

  • the London Bombings Relief Charitable Fund means the company limited by guarantee (number 5505072), and registered charity of that name established on 11th July 2005 for the purpose of (amongst other things) relieving sickness, disability or financial need of victims (including families or dependants of victims) of the terrorist attacks carried out in London on 7th July 2005;

  • Industrial Emissions Directive means DIRECTIVE 2010/75/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 24 November 2010 on industrial emissions

  • Pension Plans The meaning specified in Section 4.1(v).

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

  • Canadian Benefit Plans means all material employee benefit plans of any nature or kind whatsoever that are not Canadian Pension Plans and are maintained or contributed to by any Credit Party having employees in Canada.

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

  • Canadian Benefit Plan means any plan, fund, program, or policy, whether oral or written, formal or informal, funded or unfunded, insured or uninsured, providing material employee benefits, including medical, hospital care, dental, sickness, accident, disability, life insurance, pension, retirement or savings benefits, under which any Borrower has any liability with respect to any employee or former employee, but excluding any Canadian Pension Plans.

  • Credit insurance means insurance offered in connection with an extension of credit that is limited to partially or wholly extinguishing that credit obligation.

  • 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.

  • Credit unemployment insurance means insurance:

  • Pensioner means any person who is receiving a pension, other than

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

  • Pension reserve means the present value, computed upon the basis of the mortality and other tables adopted by the board, of all payments to be made on account of any retirement allowance or benefit in lieu of any retirement allowance, granted to a member or beneficiary under this chapter.

  • Unfunded Benefit Liabilities means with respect to any Plan at any time, the amount (if any) by which (i) the present value of all benefit liabilities under such Plan as defined in Section 4001(a)(16) of ERISA, exceeds (ii) the fair market value of all Plan assets allocable to such benefits, all determined as of the then most recent valuation date for such Plan (on the basis of assumptions prescribed by the PBGC for the purpose of Section 4044 of ERISA).

  • Unfunded Pension Liabilities means the excess of a Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Plan’s assets, determined in accordance with the assumptions used by the Plan’s actuaries for funding the Plan pursuant to Section 412 of the Code for the applicable plan year.

  • Unemployment Insurance means the contribution required of Vendor, as an employer, in respect of, and measured by, the wages of its employees (or subcontractors) as required by any applicable federal, state or local unemployment insurance law or regulation.

  • Unfunded Current Liability of any Plan shall mean the amount, if any, by which the actuarial present value of the accumulated plan benefits under the Plan as of the close of its most recent plan year exceeds the fair market value of the assets allocable thereto, each determined in accordance with Statement of Financial Accounting Standards No. 87, based upon the actuarial assumptions used by the Plan's actuary in the most recent annual valuation of the Plan.

  • Canadian Pension Plans means each pension plan required to be registered under Canadian federal or provincial law that is maintained or contributed to by a Credit Party for its employees or former employees, but does not include the Canada Pension Plan or the Quebec Pension Plan as maintained by the Government of Canada or the Province of Quebec, respectively.

  • 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).