Triple S scheme definition

Triple S scheme means the Southern State Superannuation Scheme established by the Southern State Superannuation Act, 1994.
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Triple S scheme means the Southern State Superannuation Scheme established by the Southern State Superannuation Act 2009.2. In the interpretation of this Determination and any Schedule of this Determination: where appropriate, words denoting the singular include the plural and vice versa; words importing one gender shall include a reference to all other genders; the headings to the clauses in this Determination have been inserted for convenience of reference only and are not intended to be part of or to affect the meaning or interpretation of any of the terms or conditions of this Determination; a reference to a person includes a reference to corporations and other entities recognised by law; reference to a clause or Schedule is a reference to a clause or Schedule of this Determination; and reference to any Act, regulation, ruling or by-law shall be deemed to include all amendments thereto and all statutory provisions substituted thereafter.PRINCIPLES OF SALARY SACRIFICE3. A salary sacrifice arrangement is to be made available to office holders on the following basis:
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Examples of Triple S scheme in a sentence

  • The scheme will continue to be known as the Southern State Superannuation Scheme or the "Triple S scheme".

  • Part 7—Miscellaneous36—Additional invalidity/death insurance‌‌(1) A member of Parliament who is a PSS 3 member (other than solely by virtue of section 7F) may elect, in a manner and form determined by the Board, to take out voluntary invalidity/death insurance provided under the Southern State Superannuation Act 2009.(2) Premiums payable in respect of such insurance are to be paid, and credited to the Triple S scheme, in accordance with the regulations.

  • If a co-contribution or benefit rolled over from another superannuation fund or scheme is paid to the Board for a person who is a member of the State Scheme or the Police Superannuation Scheme but not, at the time of the payment, a member of the Triple S scheme, the person becomes a member of the Triple S scheme by virtue of this subregulation when the payment is received by the Board.

  • Subject tosubregulation (3), if a person has elected to become a member of the Triple S scheme under subregulation (1), the employer must, within 7 days after salary is paid to the member, pay to the Treasurer an amount (or arrange for the payment within that period to the Treasurer of an amount) equivalent to the member's non-monetary salary that is allocated for the purpose of the employer component of benefits under Part 4 in accordance with the agreement or arrangement.

  • However, if the Board is maintaining a co-contribution account on behalf of a member of the State Scheme because of co-contribution payments received in respect of that membership, the member does not cease to be a member of the Triple S scheme by virtue of the operation ofsubregulation (4).

  • A person who has made a fund selection may, by giving a further notice to the person's employer, direct the employer to make payments required to be made by the employer on behalf of the person under section 21 to the Triple S scheme.

  • The Governor may, by regulation, declare the members of a scheme of superannuation established by or under some other Act or established for the benefit of employees of an agency or instrumentality of the Crown to be members of the Triple S scheme in order to provide them with superannuation benefits in place of benefits that would have accrued to them under the PSESS Scheme if that scheme had continued for their benefit after 30 June 1992.

  • A police officer who is a contributor to the Police Superannuation Scheme may elect, by notice in writing to the Board, to become a member of the Triple S scheme in order to establish an entitlement to the employer component of benefits underPart 4 by sacrificing part of his or her salary in accordance with an agreement or arrangement that entitles the person to sacrifice all or part of his or her salary.

  • A person who is a member of the Triple S scheme by virtue of 5 section 19(1) may, by notice in writing to the Board, elect to transfer the person's superannuation arrangements under this Act to a complying fund.

  • If a person has elected, or is taken to have elected, to become a member of the Triple S scheme under this regulation, the employer must, within 7 days after salary is paid to the member, pay to the Treasurer an amount (or arrange for the payment within that period to the Treasurer of an amount) equivalent to the member's non-monetary salary that is allocated for the purposes of the employer component of benefits under Part 4 in accordance with the agreement or arrangement.

Related to Triple S scheme

  • NCAA means the National Collegiate Athletic Association, and its successor. [If institution belongs to the NAIA, exchange the term NCAA with NAIA throughout the document and replace National Collegiate Athletic Association with National Association of Intercollegiate Athletics in the definition above.]

  • Memorandum of Association means the memorandum of association of the Company, as amended or substituted from time to time;

  • collective investment scheme means any arrangements with respect to property of any description, including money, the purpose or effect of which is to enable Persons taking part in the arrangements (whether by becoming owners of the property or any part of it or otherwise) to participate in or receive profits or income arising from the acquisition, holding, management or disposal of the property or sums paid out of such profits or income.

  • Existing Shareholders has the meaning set forth in the preamble.