Additional Voluntary Contributions. Effective January 1, 2022, all members in the DB provisions of the Harmonized Pension Plan can participate in the Additional Voluntary Contributions (AVC) feature of the Harmonized Plan and have the option to contribute up to 3% of their base pay as AVCs into the Harmonized DB Pension Plan.
Additional Voluntary Contributions. 8.1 The AVC Fund shall be disregarded for all purposes of this Schedule except paragraphs 8.2 and 8.3.
Additional Voluntary Contributions. In addition to the funding otherwise called for by this Section E, either the Association, in its discretion, or the Clubs, in their discretion, may contribute additional amounts to IGF for use in the activities described in Section B above.
Additional Voluntary Contributions. Your voluntary contributions will be deposited into the Pension Fund and will accumulate interest at a rate approximating that earned by the Pension Fund until you retire. At retirement, your voluntary contributions plus interest may be used to purchase an additional pension. Early Retirement Pension Early retirement is permitted, any time after you have reached age 55. If you retire early, your annual pension will be calculated the same way as your normal retirement pension based on your contributions to the date of early retirement. Your pension is then reduced by ½ of 1% for each month that your early retirement date precedes your normal retirement date. The pension is reduced because payments are expected to be made over a longer period of time, than if you had retired at age 65. Effective July 1, 2004, if you are over 60 with 30 or more years of service, your pension will be unreduced. Postponed Retirement Pension Postponed retirement is permitted, with Company consent, up to your 69th birthday. Your contributions will continue. At actual retirement, you will receive a greater pension than the benefit you would have received at normal retirement.
Additional Voluntary Contributions. Nothing in this Schedule shall apply to AVCs or to benefits secured by them (excluding added years benefits that are included in the calculation of the Transfer Amount). However, the Authority shall use reasonable endeavours to ensure that the assets representing each Transferring Member's AVCs held with an insurance company (if any) shall be transferred to the Contractor’s AVC Scheme. The Contractor shall (and shall procure that each relevant Sub-Contractor shall) ensure that the Contractor’s Scheme provides benefits for each relevant Transferring Member which are equivalent to the assets transferred.
Additional Voluntary Contributions. 6.1 The AVC Fund shall be disregarded for the purposes of the Transfer Amount.
Additional Voluntary Contributions. 6.1 For the purpose of the foregoing provisions of this Schedule there shall be disregarded—
Additional Voluntary Contributions. You may contribute in excess of your basic contributions by payroll deduction but not more than the amount allowed as a tax deduction under the of the Income Tax Act.
Additional Voluntary Contributions. F.1.1 A Member in Pensionable Service may, subject to the restrictions in clause F.1.2, make Additional Voluntary Contributions to the Plan and may increase, decrease or discontinue such contributions at such time and on such terms as may be agreed with the Trustee in order to provide additional benefits payable in the form of pensions or lump sum benefits as agreed between the Member and the Trustee or (in the absence of such agreement) as determined by the Trustee at its discretion.
Additional Voluntary Contributions. Any additional voluntary contributions made to the Sellers' Scheme by any Relevant Employee (and the moneys, interest and benefits derived from those contributions) which are used to provide money purchase benefits (as defined in the Pension Schemes Act 1993) shall be disregarded for the purposes of calculating the Transfer Amount, but the Sellers shall use reasonable endeavours to procure that the trustees of the Sellers' Scheme will as soon as practicable after the Pension Transfer Date transfer to the Purchasers' Scheme (without penalty or deduction) the assets and/or the amount standing to the credit of each Transferring Employee in respect of additional voluntary contributions paid to the Sellers' Scheme.
