Trivial Pension definition

Trivial Pension means in relation to an individual a pension which when added to all pensions payable in respect of employment with the Participating Colleges and the pension equivalent of any lump sum and including any pension arising from the payment of additional voluntary contributions is not more than £260 per annum (or such higher amount as may be prescribed from time to time by regulations made under sections 21(1) and 77(5) 1993 Act).
Trivial Pension means a pension which including any pension or pension equivalent of any benefits not in pension form to be provided under the Scheme and any other scheme of the Employers or to which any of the Employers contributed would not exceed €330 per annum or such higher sum as is consistent with Approval.
Trivial Pension means a pension determined as such by the board in accordance with regulation 54;

Examples of Trivial Pension in a sentence

  • The Trustee may at the request of a Member or Former Member commute a Trivial Pension for a lump sum, if the Revenue and the Contracting-out Requirements will allow and may at its discretion require such pension to be commuted.

  • Any such annuity payable to a Member (who for this purpose only and notwithstanding the other provisions of these Rules shall be only the person by virtue of whose Membership the benefit arises) shall be commutable to the same extent and on the same terms and conditions as apply under Rule 57 {lump sum on retirement} but not earlier than the date upon which commutation could have taken place under Rule 57 had the Scheme been continued, unless commutation is on account of a Trivial Pension.

  • If on application of a Member’s Personal Pension Account the annuity under Rule 5(b)(i) would be a Trivial Pension, the Trustees may in lieu of applying the Member’s Personal Pension Account to purchase the annuity and subject to the provisions of Clause 28 pay a lump sum equal to the amount of the Member’s Personal Pension Account to the Member.

  • If in any case where a Member’s Personal Pension Account is to be applied and its application would result in a Trivial Pension the Trustees (having regard to the advice of an actuary (if the Trustees decide that such advice is necessary) and subject to the provisions of Clause 28 may apply the Account by making an immediate cash payment to the Member.

  • If any bidder/entity wants to apply for separate individual structures (not all four), then EMD (as defined against each structure) has to be submitted against each structure.vii.Empanelment/ Registration Fee:-Agency registered/Empanelment with Bihar Horticulture Development Society (BHDS), Patna is not required to deposit Empanelment/ Registration Fee.


More Definitions of Trivial Pension

Trivial Pension means a pension which, when aggregated with all benefits payable to a person under the Scheme and any other retirement benefits scheme relating to the same employment, does not exceed in value a pension of €330 per annum, or such greater amount as may be prescribed by the Revenue Commissioners from time to time and is consistent with exempt approval under the Taxes Act;
Trivial Pension means any amount which shall be from time to time, as determined by the Authority, which shall not be less than fifty per cent of the average minimum wage prescribed by the Cabinet Secretary for the time being responsible for matter relating to labour in the year in which the benefits become due;
Trivial Pension means a lump sum payable to a Member where the benefit payable to a Member at retirement would be no greater than €330 per annum (or any higher figure permitted by the Revenue Commissioners).
Trivial Pension means, in relation to any person a pension which when added to
Trivial Pension means in relation to an individual a pension which when added to all pensions payable in respect of employment with the Employers and the pension equivalent of any lump sum and including any pension arising from the payment of additional voluntary contributions is not more than L 260 per annum (or such higher amount as may be prescribed from time to time by regulations made under sections 21(1) and 77(5) 1993 Act).
Trivial Pension means the amount from time to time determined as such by the Authority, which shall not be less than fifty percent (50%) of the average minimum wage prescribed by the Minister for the time being responsible for matters relating to labour in the year in which the benefit becomes payable.
Trivial Pension means a pension determined as such by the Board under regulation 54;