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.