Sentences with phrase «scheme rules»
"Scheme rules" refers to a set of guidelines or regulations that are established within a particular program or system. These rules outline how the program operates, what is expected of participants, and any specific requirements or procedures that need to be followed. Full definition
- Benefits, as per scheme rules, are payable.
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Like any technique, there are a range of predetermined color scheme rules you can follow which will help you to create new color palettes.
The relevant wording under consideration required that RPI had become «inappropriate» for these purposes (and another set of scheme rules provided that, in order for RPI to be moved away from, that index ought to have been amended such that it became invalid).
He said that pension scheme rules on the calculation of benefits «must remain a matter for employers and scheme trustees to decide», particularly where the details of such arrangements «would have been available to members when they joined the scheme».
whether scheme rules relating to GMP revaluation need amending and, if so, whether under the scheme's amendment power or under trustees» statutory modification power from 6 April 2016
Korean CO2 allowances on Tuesday broke out of the tight range in which they have hovered since December, but liquidity in the market remained modest as the ongoing lack of government clarification on future scheme rules means significant supply remains locked.
Under card scheme rules, a credit card holder presenting an accepted form of identification must be issued a cash advance over the counter at any bank which issues that type of credit card, even if the cardholder can not give his or her PIN.
In contemplation of the imminent announcement to abandon the Two Tier contracting process, the Big Firms» Group calls on the Ministry of Justice to implement a further, short, «freeze» of the duty solicitor rotas pending swift consultation with regards the structure of duty solicitor scheme rules that should stand alongside the 2015 Own Client Contract,... Read more»
Doing so can save companies and their pension funds significant amounts, although Rosalind says that the BT case shows how much depends on individual scheme rules.
For further details about how to make a complaint to the Legal Ombudsman, including guidance about the new scheme rules that came into effect on 1 February 2013, please contact the Legal Ombudsman directly at:
On death, under the Defined Contribution scheme, the aggregate Account balance is paid subject to a minimum of 100.1 % of all premiums paid for each member and for the Defined Benefits scheme, the accrued liability as per scheme rules is payable
Advising pension scheme trustees in relation to changes in pension scheme rules and the liabilities of other professional advisers.
As per the scheme rules, the subscriber will receive pension after 60 years of age (life - long).
Under the scheme rules, the intention is to purchase shares required, in the market following the announcement of interim and full year financial results.
IBM is essentially about the employer's exercise of its powers under a discretion it holds, either under the contract of employment or under the pension scheme rules.
The High Court decided in July 2015 that RPI had not been replaced by CPI and therefore under the wording of the scheme rules the trustee could not switch to CPI.
It was held that the scheme rule requiring employer consent for an unreduced early retirement pension was not overridden by a member communication which did not refer to the requirement.
A cost effective way to correct scheme rules: the High Court made an Order under section 48 Administration of Justice Act 1985 authorising trustees to apply the scheme rules in a particular way, on the basis it was clearly necessary to read certain words into the scheme rules to make sense of them.
The power could be confined to situations where member benefits after its application, though lower than provided by their scheme rules, would be greater than those that would be provided by the Pension Protection Fund.
The society is disappointed that the [panel] has failed to broaden the scheme rules to recognise that excellence is more than merely oral advocacy in the higher courts.
Depending on the scheme rules, they may be able to trigger significant one - off scheme payments and can involve the Pensions Regulator, who can demand these payments not just from the scheme employers, but from group companies, investors and even directors.
Anna said the procedure should be promoted as an alternative way of getting certainty when pension scheme rules are unclear.
The ruling also upholds previous judgments on member protection: a power embedded in scheme rules to switch index is outside the statutory protection for members» benefits.
The trustees sought a court determination of the correct interpretation of the scheme rules relating to spouses» benefits and the proceedings were resolved by agreement between the parties
Recent work includes advising in relation to the implementation of a de-risking mandate involving IMAs and derivatives, closing schemes to future accrual and re-writing pension scheme rules.
«Unless the government moves to consult more widely on amending primary legislation... the ability of schemes to switch from RPI to CPI will continue to depend on how the scheme rules were originally drafted many years ago — it is essentially a lottery,» he said.
Even on non-receipt of premium, the policy will automatically get renewed at the then existing terms and conditions on each renewal date, provided there is enough balance in the policy account as per the scheme rules.
Policyholder has to fill up a Master Proposal form and submit employees» date, copy of the scheme rules along with the proposal form.
Resignation, Death, Retirement, Termination or Disability as per scheme rules.
Step 3: A member on either leaving service due to retirement / resignation or on death / disability during the service, or any other such event that may terminate the employment, Exide Life Insurance will pay the benefits as per the scheme rules by redeeming the units in the investment funds to pay the gratuity benefit.
Benefit is payable in accordance with the scheme rule of the employer; subject to maximum of the Fund Value or Assured Benefits
The leave encashment benefit may include the encashment of leaves by the members while in service depending upon the scheme rules.
Maximum sum assured by this insurance plan: As defined in the scheme rule.
Persons who remain in Direct Provision for a period before moving into the community may have the value of the non-cash benefit taken into account in assessing their means under the scheme rules.