PENSION INCREASES Sample Clauses

The Pension Increases clause sets out the terms under which pension payments to beneficiaries will be adjusted over time, typically to account for inflation or changes in the cost of living. This clause may specify a fixed percentage increase, tie adjustments to an external index such as the Consumer Price Index, or outline conditions under which increases may be granted. Its core practical function is to help preserve the real value of pension benefits, ensuring that recipients maintain their purchasing power despite economic changes.
PENSION INCREASES. All pensions in the course of payment will be increased in accordance with Sections 51-54 1995 Act.
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PENSION INCREASES. On retirement you are guaranteed to receive increases in your pension of no less than the increase in the Retail Prices Index, up to a maximum of 5%. Death in service: A lump sum payable of 4 times basic salary payable plus 4 x the average of taxable emoluments for the three years immediately before death. A spouse’s pension of two-thirds of your prospective pension is payable (subject to reduction on the advice of the Actuary if the spouse is 16 years or more younger). Death after retirement: A spouse’s pension of two-thirds of your pension is payable (subject to reduction on the advice of the Actuary if the spouse is 16 years or more younger).
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PENSION INCREASES. Except with respect to plans ----------------- maintained pursuant to collective bargaining agreements, without the prior written consent of the Lender, which consent shall not be unreasonably withheld, the Borrower shall not, and shall use its best efforts to not permit any ERISA Affiliate to: (a) Adopt, or commence contributions to, any new plan that would be subject to Title IV of ERISA; or (b) Except as necessary to comply with applicable Governmental Requirements, adopt any amendment to any plan which is maintained by the Borrower or such ERISA Affiliate and which is subject to Title IV of ERISA, if such amendment would result in a material increase in benefits or unfunded liabilities.
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PENSION INCREASES. (1) For Pensionable Service prior to 2016: (a) Pension Increases prior to January 1, 2018: (b) Pension Increases on January 1, 2018: (c) Pension Increases on and after January 1, 2019:
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PENSION INCREASES. The maximum amount of a pension ascertained in accordance with this Appendix less any pension which has been commuted for a lump sum or surrendered to provide a Dependant's pension shall be increased (A) in proportion to the increase in the Index which has occurred since the pension commenced to be paid or (B) by 3% for each complete year whichever is the greater. (A pension may thus be increased up to the level of the maximum pension (less any pension which has been commuted or surrendered) and then further increased as stated in (A) or (B) above.)
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PENSION INCREASES. On each 1 January that part of each pension in payment which is in excess of the GMP shall (subject to Rule G.1.2) be increased by the percentage increase in the Prices Index during the year ending on the previous 30 September. A proportionate increase shall be made to any pension which commenced after the previous 1 January except where the pension is payable to a spouse, Child or Dependant and commenced on the termination of the Member's own pension.
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Related to PENSION INCREASES

  • Benefit Increases Benefit payments may be increased as provided in Section 2.1.3.

  • Funding Increases Before the Funder can make an allocation of additional funds to the HSP, the parties will: (1) agree on the amount of the increase; (2) agree on any terms and conditions that will apply to the increase; and (3) execute an amendment to this Agreement that reflects the agreement reached.

  • Step Increases (a) The following is the method used to determine service credit, since the last date of hire, for purposes of positioning on the salary range: i) all continuous service shall be retained and transferred with the employee if she/he changes her/his status from full-time to part- time and vice versa. ii) a part-time employee who changes status to full-time will be given credit on the basis of fifteen hundred (1500) paid hours of part- time being equivalent to one (1) year of full-time service and vice versa. iii) in addition, an employee who is so transferred will be given credit for paid hours accumulated since the date of last advancement. (b) Annual increments for full-time employees shall be paid on their anniversary date. (c) Annual increments for part-time employees shall be paid on the completion of each fifteen hundred (1500) hours worked.

  • Wage Increases The wage rates in this Agreement will only be increased in accordance with any increases which may be awarded by the Australian Fair Pay Commission through wage reviews. The level of any increases will be such that the percentage wage increase as set out in Clause 15 of this agreement will be maintained. No additional increases in wage rates will apply to the rate of pay in Clause 15 of this Agreement while it is in operation.

  • Wage Increase 1. The minimum hourly wage amounts in the salary table in column I (job grades 1 up to and includ- ing 3) concern the statutory minimum wage and are adjusted in the event of an increase in the statutory minimum wage. 2. Each calendar year, in principle before 1 July, the CLA parties shall conduct talks on the adjust- ment of the (other) amounts shown in the salary table (column I, job grades 4 up to and including 6, column II and III) in article 28(2) of the CLA from 1 July of that year. 3. If an adjustment of the salary table (column I, job grades 4 up to and including 6, columns II and III) is agreed pursuant to paragraph 2 of this article, this will be applied as follows: a. The salary table (column I, job grades 4 up to and including 6, columns II and III) will be increased by the agreed percentage and b. the actual wage of the temporary agency worker will be increased by the agreed percentage from the agreed date.