Annual Benefit Statements Sample Clauses

Annual Benefit Statements. The Scheme Administrator will provide an electronic version of the scheme member’s annual benefit statement within the statutory deadline (31st August) providing the Scheme Employer has submitted their ‘year-end data file and answered all associated queries in accordance with section 4.2.9 of this SLA. Annual Benefit Statements will be made available to view, download or print by the Scheme member via ‘mypension ONLINE’. Hard copies of the statement will be made available to Scheme members of a Scheme Employer upon request.
Sample 1
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Annual Benefit Statements update on the ABS project looking at data items to be included The Chair hosted a meeting on 11 October 2019 with RA and AH, colleagues from Staffordshire and West Midlands Pension Funds, Xxxxxx Xxxxxxx from Shropshire and the following representatives of the pensions administration software suppliers: Xxxx Xxxxxx – Xxxxxxx Xxxx Xxxxxxxx – Civica Xxxxx Xxxxx – Capita Xxx Xxxxxx – Equiniti Notes from that meeting: The possibility of tailored statements was discussed – providing different information to different member ‘types’. Although this may be ideal for members, many funds do not have the resources or technical expertise to produce multiple statements and so it is likely that they will continue to use a single statement template for all members. There was agreement on most issues: - Capita and Equiniti to take forward the SAB recommendation that a late payment increase is included in final salary benefits of a member under their NPA on 31 March - Continue to provide a projection of benefits to NPA (with a blank section or figures at 31 March repeated for a member over NPA on 31 March) - Both 31 March figures and projection to NPA should be the figures after any divorce or Annual Allowance scheme pays debit has been deducted - Maximum commutation figures at 31 March should be based on the pension and lump sum figures after the deduction of a divorce or AA scheme pays debit. There was no agreement on the inclusion in the statement of reduced figures at 31 March for those members between age 55 and NPA on that date. Civica believes that this is already offered to their clients, but need to check if this is part of the ‘standard’ package, or a chargeable extra. Xxxxxxx pointed out that there would be significant development costs associated with this change. The change would need to be made for LGPS Scotland and Northern Ireland as well as for England and Wales. Xxxxxxx will consult with the CLASS Group to gauge the level of demand for this development.
Sample 1
Annual Benefit Statements. The Administering Authority will issue annual benefit statements on the ‘member portal’ to active members or via their employer where written notification is received to opt out of member portal. This will be by 31 August after relevant annual return information from the Employing Authority is received and uploaded or in any case not later than prescribed in the regulations.
Sample 1
Annual Benefit Statements. The Scheme Administrator will issue Annual Benefit Statements to the scheme members of an Employing Authority following receipt of all relevant year end information from the Employing Authority.
Sample 1

Related to Annual Benefit Statements

  • Vacation Earnings for Partial Years (a) (1) During the first partial year of service a new employee will earn vacation at the rate of one and one-quarter (1¼) days for each month for which he/she earns ten (10) days' pay.

  • Tax Benefit Schedule Within one hundred fifty (150) calendar days after the filing of the U.S. federal income Tax Return of the Corporation for any Taxable Year in which there is a Realized Tax Benefit or Realized Tax Detriment, the Corporation shall provide to the Members a schedule showing, in reasonable detail, the calculation of the Realized Tax Benefit or Realized Tax Detriment for such Taxable Year (a “Tax Benefit Schedule”). The Tax Benefit Schedule will become final and binding on the Parties pursuant to the procedures set forth in Section 2.4(a), and may be amended by the Parties pursuant to the procedures set forth in Section 2.4(b).

  • Effective Date of Benefit Termination Medical, dental and life coverage termination will take effect on the first of the month following the loss of eligible employee or dependent status. Disability benefit coverage terminations will take effect on the day following loss of eligible employee status.

  • STATEMENT OF MUTUAL BENEFIT AND INTERESTS   In consideration of the above premises, the parties agree as follows:

  • Supplemental Benefits The employer shall maintain a “Supplemental Unemployment Benefits Plan” pursuant to the Employment Insurance Act and Regulations. The employer shall make amendments as appropriate to ensure that the Plan provides the maximum permissible benefits in conjunction with Article 17.03.

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • Payment and Year-End Adjustment Amounts accrued pursuant to this Agreement shall be payable to the Adviser as of the last day of each month. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Maximum Annual Operating Expense Limit.

  • Vacation Year The vacation year shall be April 1 to March 31, inclusive.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • Fiscal Year; Taxable Year The fiscal year and the taxable year of the Company is the calendar year.

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