Public Sector Transfer Club definition

Public Sector Transfer Club means the arrangements approved by the Secretary of State and detailed in the Club Memorandum as providing reciprocal arrangements between the Scheme and other registered occupational pension schemes for making and receiving transfer value payments; ”;
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Public Sector Transfer Club means the arrangement approved by the Department and detailed in the Club Memorandum as providing reciprocal
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Public Sector Transfer Club means the club which is a network of public and private sector occupational pensions schemes, which in general provides that employees who transfer their pension rights between club schemes will receive broadly equivalent service credit in the new scheme;
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Examples of Public Sector Transfer Club in a sentence

  • We also refuse to accept transfers (other than from within the Local Government Pension Scheme and the Public Sector Transfer Club), that would result in a membership credit in excess of 40 years.

  • The transfer value may not necessarily buy the same amount of accrued pension in the 2015 Scheme as you had in your previous scheme.If your previous pension scheme is in the Public Sector Transfer Club (the Club), the transferred pension may be more than it would be if a transfer payment was accepted from another pension scheme.

  • Transfer In – completion of transfers where new active members decided to transfer membership from other LGPS funds or a different pension scheme which is part of the Public Sector Transfer Club.

  • The Cabinet Office have issued a revised Public Sector Transfer Club Memorandum (dated March 2015 but effective from 1 April 2015) which covers voluntary transfers between Public Service Pension Schemes together with information on valuing Club transfers for the purposes of the Annual Allowance.

  • Payments take the form of a Cash Equivalent Transfer Value (CETV) with special terms applying to transfers that are made under bulk, Corresponding Health Service Scheme or Public Sector Transfer Club (‘the Club’) arrangements.

  • The Cabinet Office in its role as Club Secretary has agreed that the same discount rate assumptions should be used for transfers within the Public Sector Transfer Club.

  • It is the amount of pension transferred in from a previous scheme that participates in the Public Sector Transfer Club in respect of the CARE benefits it provides.

  • The Cabinet Office in role as Club Secretary have agreed that the same discount rate assumptions should be used for transfers within the Public Sector Transfer Club.

  • Where the new pension scheme is another scheme that participates in the Public Sector Transfer Club, the transfer will normally be effected on Club terms.

  • Transfers out within the Public Sector Transfer Club (excluding cases where the receiving scheme is another UK Fire 2015 scheme) are covered by the “Club Memorandum” published by the Cabinet Office.

Related to Public Sector Transfer Club

  • public sector body means an entity within the ‘public sector’, the latter term as defined in Article 3 of Council Regulation (EC) No 3603/93 of 13 December 1993 specifying definitions for the application of the prohib­ itions referred to in Articles 104 and 104b(1) of the Treaty (1),

  • Public Sector Entity means a non-commercial administrative body responsible to central governments, regional governments or local authorities, or to authorities that exercise the same responsibilities as regional governments and local authorities, or a non-commercial undertaking that is owned by or set up and sponsored by central governments, regional governments or local authorities, and that has explicit guarantee arrangements, and may include self-administered bodies governed by law that are under public supervision;

  • Public Sector means an employing authority as defined in s5 of the Public Sector Management Act 1994.

  • Original Public Sector Employee means a former employee of the Crown or other public sector body who as a result of the application of the TUPE Regulations, in relation to what was done for the purposes of carrying out a contract for the provision of services which were equivalent of or similar to the Services, becomes or became an employee of someone other than the Crown or other public sector body.

  • Public sewer means a sewer in which all owners of abutting properties have equal rights, and is controlled by public authority.

  • public sewer map means the map made available under Section 199(5) of the 1991 Act (l);

  • public sector instrumentality means any department, ministry or agency of a state or any corporation, trust, financial institution or other entity controlled by such state;

  • public service means the public service referred to in section 1(1) of the Public Service Act, 1994 (promulgated by Proclamation No. 103 of 1994), and includes any organisational component contemplated in section 7(4) of that Act and specified in the first column of Schedule 2 to that Act, but excluding-

  • Public school academy means a public school academy or strict discipline academy organized under the revised school code, 1976 PA 451, MCL 380.1 to 380.1852.

  • Public School Student Accessing Courses at a Distance means a student who is scheduled for a full course load through the District and attends all classes virtually.

  • Public Safety and/or “Nuisance” means anything which is injurious to the safety or health of an entire community or neighborhood, or any considerable number of persons, or unlawfully obstructs the free passage or use, in the customary manner, of any navigable lake, or river, bay, stream, canal, or basin.

  • Public servant means a person who is employed by, or who holds any office or other position in, a public service body;

  • Small Business Enterprise (SBE) means a business that is certified as an SBE under this program or the following similar programs and meeting the below economic thresholds (Section III “Economic Size Standards”).

  • public sewer or drain means a sewer or drain which belongs to a sewerage undertaker, the Environment Agency, an internal drainage board or a local authority; and

  • Elder abuse (OAA) means abuse, neglect, or exploitation of an older individual (elder) including the willful:

  • Public hospital means a governmental entity of a political subdivision of the state of Iowa that is authorized by legislative authority. For purposes of this subrule, a “public hospital” must also meet the requirements of Iowa Code section 249J.3. Under Iowa Code section 249J.3, a “public hospital” must be licensed pursuant to Iowa Code chapter 135B and governed pursuant to Iowa Code chapter 145A (merged hospitals), Iowa Code chapter 347 (county hospitals), Iowa Code chapter 347A (county hospitals payable from revenue), or Iowa Code chapter 392 (creation by city of a hospital or health care facility). For the purposes of this definition, “public hospital” does not include a hospital or medical care facility that is funded, operated, or administered by the Iowa department of human services, Iowa department of corrections, or board of regents, or the Iowa Veterans Home.

  • Sub-Sector refers to the specific sector in which the reservation is taken;

  • public road means a road as defined by the Road Traffic Xxx 0000;

  • Public schools means all kindergartens and elementary

  • designated sector means a sector, sub-sector or industry that has been designated by the Department of Trade and Industry in line with national development and industrial policies for local production, where only locally produced services, works or goods or locally manufactured goods meet the stipulated minimum threshold for local production and content;

  • Veteran-owned Small Business Enterprise (VSBE) means A business that is verified by the Center for Verification and Evaluation (CVE) of the United States Department of Veterans Affairs as a veteran-owned small business. See Code of Maryland Regulations (COMAR) 21.11.13.

  • public service vehicle means any motor vehicle used or adapted to be used for the carriage of passengers for hire or reward, and includes a maxi cab, a motorcar, contract carriage and stage carriage.

  • Public Service Act ’ means the Public Service Act, 1994 (Proclamation No. 103 of 1994);

  • Public school means any institution or activity operated by

  • the public service means, subject to the provisions of this section, the service in a civil capacity of the Government;

  • Contactless Transaction means a Transaction that is authorised by you touching or holding your Card or linked device against or near a POS Terminal without the need to insert your Card.