Withdrawing employer definition
Withdrawing employer means an employer that is required to withdraw from the Retirement
Withdrawing employer means an employer that is required to withdraw from the Retirement System under subsection B.
Withdrawing employer means an employer who has given notice under paragraph 8.3(b) of the Agreement; (l) “withdrawing member” means a person who is a member and an employee of the withdrawing employer immediately before the time of withdrawal and who does not terminate or become a member of the related plan with effect as at, or die at, the time of withdrawal; (m) “withdrawing person” means a person falling within section B4(1)(a), (b), (c) or (d). Required characteristics of other plan B3(1) The other plan must, in addition to meeting the requirements of paragraph 8.1(a) of this Agreement, (a) provide for the benefits and entitlements provided by the Plan to withdrawing members or for benefits and entitlements that in the opinion of the Trustees of the Plan are not less favourable for those persons in respect of (i) service performed before the time of withdrawal and (A) that was acquired as pensionable service before then, or (B) which, immediately before the time of withdrawal, was in the course of being purchased over time under the plan rules, on payment for the service, and
Examples of Withdrawing employer in a sentence
Withdrawing employer to be assessed for both the employer and employee share of the unfunded liability in cases of negotiated withdrawal, decertification or relocation closure.
Protection Against Withdrawals: Withdrawing employer to be assessed for both the employer and employee share of the unfunded liability in cases of negotiated withdrawal, decertification or relocation closure.
More Definitions of Withdrawing employer
Withdrawing employer means an employer that takes an action described in subsection (B).