Sentences with phrase «paying member of the scheme»

Not exact matches

(e) post on the Sites or through the Applications any franchise, pyramid scheme, «club membership,» distributorship or sales representative agency arrangement or other business opportunity which requires an up - front or periodic payment, pays commissions only (except for postings that make clear that the available job pays commission only and clearly describes the product or service that the job seeker would be selling, in which case these types of postings are permissible), or requires recruitment of other members, sub-distributors or sub-agents;

The transitional benefits offered to GP members will allow them to seek assistance and indemnity for claims arising from incidents which happen in the period between the announcement and the launch of the scheme, provided they remain an active paying member.

A lower rate is paid by members of an employer's contracted - out pension scheme.

«As I researched the idea of promoting savings in our sector, the idea of credit union came into mind and I said that's it because it dawned on me that majority of the people don't have savings accounts, insurance cover or even pension schemes and since I became the Chairman of GHAMRO I really felt the pinch because every now and then I get calls from members asking for advance payment of their royalty to either pay school fees, settle medical bills or to even solve other financial problems then I've realized that this vacuum has to be filled because GHAMRO doesn't have a policy to pay this type of monies».

Under «relief at source» arrangements, members of pension schemes who do not pay income tax are nonetheless permitted to basic rate tax relief (20 per cent) on pension contributions up to # 2,880 a year.

A 30 - year - old member of the Nuvos scheme currently earning # 24,500 will have to work for three years longer, pay an additional # 61.25 a month and lose # 309,840 over a 20 - year retirement.

A 41 - year - old member of the Premium scheme earning # 21,250 who has made 15 years of contributions will have to work for an extra seven years, pay # 53.13 more a month and will lose # 19,266.67 over 20 years through CPI indexation.

Noting that employment and the social support scheme hasn't gone round, the governor promised to add 100 more members of the association to the state social support scheme beneficiaries who are being paid # 5000 per month.

Key features of the reformed scheme include: increase contributions paid by members of the scheme; switch from final salary, to Career Average Revalued Earnings (CARE); pre-retirement revaluation of earnings for CARE at CPI +1.6 per cent; accrual rate of 1 / 57th of salary; and linking of the Normal Pension Age with the State Pension Age.

As debates by the Institute of Actuaries have pointed out, how would pension schemes meet their funding liabilities with run - away climate change, where they have a fiduciary duty to scheme members to pay benefits.

(A scheme was established where gardeners have to pay to become members of the library; each year, they are given a selection of six of the hundreds of varieties to grow.)

Our concern is the wider issue of finding solutions to this problem for the whole universe of DB schemes and in our response below we focus on the fourth option put forward in the consultation document, which would allow for bulk transfers without individual member consent to a new scheme paying lower levels of indexation and revaluation.

The firm, which operates a profit - sharing scheme that gives all of its lawyers and staff a stake in the business, this year paid out an annual profit share of 21 % to all members of the firm.

In addition, although the Pensions Regulator expects trustees to obtain a formal covenant assessment, it is not compulsory, which can mean that no - one — apart from the sponsoring employer itself — is considering how likely it actually is that the full DB entitlements of all members of the pension scheme will actually be paid.

Once it becomes compulsory for agents to join an approved scheme, buyers and sellers of residential property will be able to refer complaints concerning members of the scheme to an ombudsman who can make a range of awards, including requiring a member to pay compensation.

However, HMRC denied tax relief on the contribution, arguing that where the legislation provided for tax relief in respect of «contributions paid», it referred to a money payment, and that the documentation executed by the member and the provider prior to the share transfer had not created a legally binding obligation on the member to pay a sum of money to the scheme.

HMRC's Pensions Tax Manual says that a member may make a contribution by creating a monetary obligation of a specified amount from the member to the scheme and then having a separate agreement to pay an asset across to the scheme in satisfaction of the debt.

In case the insured member commits suicide whether sane or insane, within 12 months from the policy inception date or from the date of inception of the member under the group insurance scheme, whichever is later, then higher of 80 % of the premiums paid or surrender value in respect of concerned insured member is payable to the nominee / beneficiary.

Suicide exclusion under Death Benefit: - In case the insured member commits suicide whether sane or insane, within 12 months from the policy inception date or from the date of inception of the member under the group insurance scheme, whichever is later, then higher of 80 % of the premiums paid or surrender value in respect of concerned insured member is payable to the nominee / beneficiary.

On death of the Insured Member under the scheme before Terminal Illness, Base Sum Assured covered under this option shall be paid as a lump sum.

Police officers can become a member of the defined pension scheme, and benefit from employer contributions of 21.3 % of their pay towards their pensions on top of their own contributions.