Sentences with phrase «defined benefits scheme»

The EU pension system is similar to a defined benefits scheme.

The majority of smaller stressed defined benefit schemes are likely to end up in the Pension Protection Fund, according to consultancy Barnett Waddingham, as it raised concerns that the Pensions Regulator's new tougher stance may remove vital flexibility from the system.

Additionally, the Public Sector Pensions Commission recently estimated that a huge 94 per cent of public sector employees are still on unsustainable defined benefit schemes, compared to just 11 per cent in the private sector.

· an additional pension cost to the Condensed Group Income Statement of $ 0.4 m for the period ended 30 June 2012 and $ 0.7 m for the year ended 31 December 2012, due to the increase in the net interest cost, with a corresponding decrease in actuarial losses on defined benefit schemes recognised in the Condensed Group Statement of Comprehensive Income

Mary receives a capped defined benefit income stream from a funded defined benefit scheme and she turns 60 years old during the income year.

If you are a member of a funded defined benefit scheme (taxed scheme), 50 % of your annual income stream amount over $ 100,000 will be taxed at your current marginal rate.

This is good news for those wishing to take money out of the defined benefit scheme, but these larger pay - outs put further pressure on the pension schemes themselves — many of which are already critically underfunded.

At legal director level, Adrian Lamb has «detailed knowledge» and revised Welplan's trust deed and master trust documentation rules following the establishment of a separate trustee company, and Rupert Graham - Evans, who provides «professional and timely advice», assisted Epicor Software UK with matters relating to its UK defined benefit scheme and a cross-border corporate transaction.

the Government's approach to the British Steel Pension Scheme may define the Government's approach to defined benefit schemes in some areas (e.g. mandatory indexation of pensions).

Recently, John has been involved in a substantial number of cases concerning employment law and pensions, concerning matters such as the closure of Defined Benefit schemes, and age discrimination issues.

The role of the Pension Regulator in defined benefit schemes has been the subject of intense focus in the market over recent years.

While the project has been supported from the outset by major insurers, there is a concern that without legislation some insurers, including smaller insurance companies and those providing defined benefit schemes (which, ostensibly, have less to gain by participating), will not provide the necessary data such that individuals can access all their pension scheme information in one place.

«Given the speed at which Carillion collapsed, there appeared to be no time to attempt to save the company by separating it from its 13 defined benefits schemes through the use of a regulated apportionment arrangement, as most recently agreed, for example, in the British Steel pension scheme.»

The decision is food for thought for the current Parliamentary Select Committee enquiry into defined benefit schemes, and the balance to be struck between employers and members.

Parties in a dispute with Scottish Life about a # 1 billion plus defined benefit scheme concerning pensions liberation from it to Scottish Life offshore bonds

There are a number of types of pension scheme but final salary schemes (also called defined benefit schemes) are the type most likely to give rise to issues.

Anna has spent her entire career advising clients who operate or sponsor occupational pension schemes, with a particular expertise in defined benefit schemes.

Her trustee clients include the trustees of the Credit Agricole Scheme, CGI's three defined benefit schemes, the multi-employer Citrus Pension Plan and the Unisys Public Sector Pension Scheme.

Mr Chrystal comments: «A reported # 50bn has been transferred from company defined benefit schemes to individuals since the rules changed and greater pension freedoms were introduced by the government in 2015.

The department for work and pensions estimates that approximately one third of defined benefit schemes rely on the Sch 9 statutory exemption.

Poor fund returns and the closure of defined benefit schemes are driving reform of pensions in the charity sector...

Gratuity, Superannuation and Leave Encashment is managed under the Defined Benefit scheme while only Group Superannuation is managed under the Defined Contribution scheme

Not exact matches

The effect often leaves a bankrupt shell of a company, or at least enables corporate raiders to threaten employees with bankruptcy that would wipe out their pension funds or employee stock ownership plans if they do not agree to replace defined benefit pensions with riskier contribution schemes.

Peter Doherty: «Critically, a defined benefit transfer is an irreversible transfer of risk from a pension scheme to an individual.»

Ryan really is a DEFINED BENEFITS guy and a big - time welfare - state truncator, and he's been for a tax scheme that would reduce Romney's tax bill to virtually nothing.

Workers are fighting plans to change their USS defined benefit pension scheme to a defined contribution one.

The party's new policy expresses great concern that the current methods used to evaluate defined benefit (ie final salary and career average) pensions have been unable to cope with these unprecedented market conditions, and this, coupled with over-regulation on the part of the Pensions Regulator, had produced wildly volatile deficits which no - one could predict — wholly unsatisfactory for schemes that have to plan over half a century.

It will allow DB pension funds far more freedom when carrying out their valuations, which will inevitably mean that defined benefit pension schemes will be better able to ride out these unprecedented economic circumstances.

Meanwhile this week it was reported that more than half of those defined benefit pension schemes still open to new members will be closed due to the current economic situation.

Defined benefit pensions stipulate that the pension holder accrues an entitlement to income through contributions to the pension scheme.

The union says the company has closed its defined benefit, or final salary, pension scheme, offering new entrants an «inferior» scheme which the CWU claim will leave them in «pensioner poverty».

The Teachers» Pension Scheme The Teachers» Pension Scheme (TPS), like other public sector pension schemes, is a Defined Benefit (DB) pension scheme.

The Teachers» Pension Scheme is a Defined Benefit pension scheme, where the amount of the pension to be received is based on a pre-existing formula.

PUBLIC SECTOR PENSION REFORMS Traditionally, public sector pensions have been final salary Defined Benefit (DB) schemes that pay a proportion of the salary you were on before you retired.

An analysis of academy accounts by Schools Week found the deficit for the LGPS, a defined contribution benefit scheme for non-teaching staff including school business leaders and teaching assistants, is growing every year as chains expand and returns on investment fail to improve.

Changes to defined benefit pension schemes set to come into effect in 2016 could see retirement incomes fall, as the state pension scheme is revamped.

However, subsection 23 (2) provides for a reduction of the charge percentage according to a formula where the employer has made contributions to a Retirement Savings Account or to a complying superannuation fund other than a defined benefit superannuation scheme for the benefit of that employee.

Or is it buyout from a defined - benefits pension scheme?

The latest «solution» coming out of Ottawa, floated Thursday, is a new hybrid «target - benefit» pension scheme that would be a sort of middle ground between traditional defined - benefit pensions and the more market - oriented defined - contribution plans favored by modern employers.

Executive Directors are entitled to benefits under defined contribution scheme pension arrangements.

If your new employer has a Final Salary or defined benefit type pension scheme, join it.

Until 2014, all members of a UK defined benefit superannuation scheme were forced to convert their superannuation into an annuity on retirement.

This affects many personal and workplace pensions, but not defined benefit pensions such as final salary schemes.

If you are considering moving money from a final salary scheme pension or a defined benefit pension, get specialist pension advice from an independent financial adviser first.

Earnings in the period of $ 13.3 m attributable to equity shareholders were offset by losses of $ 4.7 m on the retranslation of the net assets of foreign currency denominated operations, actuarial losses of $ 3.5 m (net of deferred tax) on employee defined benefit pension schemes, revaluation losses of $ 2.2 m (net of deferred tax) following the revaluation of property and the payment of the final 2012 dividend of $ 5.0 m to equity shareholders of the Company.

The net liability of the Group's defined benefit pension schemes (net of deferred tax) increased to $ 26.6 m at 30 June 2013 from $ 23.7 m at 31 December 2012.

Defined benefit income streams usually come from an employer super fund or a government employee super scheme.

(Meaning of Defined Benefit Scheme is — A plan / scheme in which a certain amount or percentage of money is set aside each year by a company for the benefit of the emBenefit Scheme is — A plan / scheme in which a certain amount or percentage of money is set aside each year by a company for the benefit of the embenefit of the employee.

Defined benefit funds can only choose to offer contributions splitting for any accumulation interests that members might hold in the fund or scheme.

«They have increased their working week and have accepted the closure of their defined benefit pension scheme.