Scheme Liabilities definition

Scheme Liabilities means LFSL's Liabilities in respect of the Scheme Claims.

Scheme Liabilities all employer and employee contributions, payments and other sums due from the Admission Body to the Administering Authority under the Admission Agreement or the Regulations in respect of the current or former Eligible Employees or otherwise;

Scheme Liabilities means any liabilities of the local author­ ity that were incurred (whether solely or partially) for the pur­ poses of any land drainage scheme or water­race scheme pro­ posed to be transferred under this Part and, without limiting the generality of the foregoing provisions of this definition, includes—

Examples of Scheme Liabilities in a sentence

• Payments made on or after the Levy Notice Date in respect of Established Scheme Liabilities, to the extent that such payments, when aggregated with other such payments exceed £50,000, have been made subject to the application of the Payment Percentage (85%).

• A Levy Notice was issued on 1 January 2014 by the Scheme Administrator at a rate of 15% on Established Scheme Liabilities which exceeded £50,000 in aggregate.

• If any payment made by the Guarantor exceeds the amount required to discharge the Scheme Liabilities the Administering Authority shall refund any overpayment to the Guarantor.

• Local Government Pension Scheme2008-09£'0002009-10£'0002010-11£'0002011-12£'0002012-13£'000Present Value of Scheme Liabilities Fair Value of Assets(289,681)257,164(462,085)354,116(408,953)382,726(459,779)380,687(534,974)435,110(Deficit) in the Scheme(32,517)(107,969)(26,227)(79,092)(99,864) The liabilities show the underlying commitments that the authority has in the long run to pay post- employment (retirement) benefits.

• Municipal Mutual Insurance Limited issued a levy notice on 1st January 2014 by the Scheme Administrator at a rate of 15% on Established Scheme Liabilities, which exceeded £50,000 in aggregate.

More Definitions of Scheme Liabilities

Scheme Liabilities all employer and employee contributions, “Transferee Admission Agreement”

Scheme Liabilities all employer and employee contributions payments and other sums due from the Admission Body to the Fund under the Admission Agreement or the Regulations (including for the avoidance of doubt any revised contribution(s) due when the Admission Agreement ceases to have effect).

Scheme Liabilities means a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits or to effect and carry out contracts of general insurance; or a person who does not require permission under that Act to accept deposits, by way of business, in the United Kingdom. shall mean the amount assessed by the Fund Actuary as representing the exit and other payments arising on termination, employer and employee contributions and associated benefits, cessation deficits, other deficits or losses to the Fund; all other sums (including interest payable under the Regulations) which are due and payable by the Admission Body and which arise from the admission of persons to the Fund under the Admission Agreement and in each case whether they arise under the express provisions of the Admission Agreement, the Regulations or subsequent governing regulations.

Scheme Liabilities at any time, means the aggregate value of the liabilities of the Scheme at that time as calculated by the Responsible Entity in accordance with Clause 15.0 of the Constitution.

Scheme Liabilities means any liabilities of the local authority that were incurred (whether solely or 30partially) for the purposes of any land drainage scheme or water-race scheme proposed to be transferred under this Part of this Act and, without

Scheme Liabilities means any liabilities of the local authority that were incurred (whether solely or partially) for the purposes of any land drainage

Scheme Liabilities all employer and employee contributions, payments and