Statutory Pension definition

Statutory Pension means a pension payable under rule D2 in connection with the Queensland Act and/or the Pensions Act and includes any amount payable as an addition to the Statutory Pension.
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Examples of Statutory Pension in a sentence

  • All benefits payable under the PMA and the regulations thereunder or the Act and the Statutory Pension Plan Rules continue to be payable under this Agreement and the Pension Plan Rules.

  • All such benefits must be calculated based on the rules that were in effect at the time of the calculation under the PMA and the regulations thereunder or the Act and the Statutory Pension Plan Rules.

  • For greater certainty, the continuation of the Pension Plan and the Pension Fund under this Agreement and the Pension Plan Rules shall not cause any recalculation of the benefits previously payable under the PMA and the regulations thereunder or the Act and the Statutory Pension Plan Rules.

  • All benefit calculations based on the rules that were in effect at the time of the calculation under the PTA and the regulations thereunder or the Act and the Statutory Pension Plan Rules are accepted as having been validly made for the purposes of this Joint Trust Agreement.

Related to Statutory Pension

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

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • occupational pension means any pension or other periodical payment under an occupational pension scheme but does not include any discretionary payment out of a fund established for relieving hardship in particular cases;

  • 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).

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