Pension Payments. Nothing in this Agreement shall change any pension benefits or benefits from other qualified plans maintained by Company to which Executive is otherwise entitled. However, payments made under this Agreement pursuant to Section 4 shall not be considered compensation for purposes of the Company's pension plan or any other qualified retirement plan maintained by the Company. Section 6 -
Pension Payments a. In the event contributions by the members of the Fire Department to the present pension system are increased beyond the six (6%) percent contribution during the term hereof, the City of Warwick agrees to pay the difference between said six (6%) percent and the increased percentage, provided the Pension Fund benefits have not been increased over those presently in force on the date of this Agreement. Upon the plan being qualified by Internal Revenue Service and due to benefit improve- ments granted on July 1, 1989, the employee contribution will be increased from the aforementioned 6% to 7%. The seven (7%) percent contribution rate will be the sole responsibility of the employee. Effective on July 1, 2005, the contribution shall be increased to eight (8%) percent, and shall be reduced to 7% on September 19, 2005.
Pension Payments. The parties hereby acknowledge and agree that the Charter School shall comply with those provisions of the Illinois Pension Code which specify applicability to, or compliance by, charter schools and it is not the intent of the parties to have the Charter School comply with any other portions of the Pension Code.
Pension Payments. From the compensation amounts paid to Employees, the Board shall deduct and pay to the Illinois Municipal Retirement Fund all contributions required by law.
Pension Payments. The employees of the Charter School may be deemed employees of the local school district for the purpose of providing retirement benefits, including membership in the teachers' retirement system and other retirement systems open to employees of public schools. The financial contributions for such benefits shall be the responsibility of the Charter School and its employees. Notwithstanding any contrary provision of the Charter, the parties shall comply with §119.2 of the Commissioner’s regulations and with any additional regulations promulgated by the Commissioner, in consultation with the New York State Comptroller, to implement the provisions of this paragraph.
Pension Payments. Pension payments commence on the actual retirement date. Payments continue for the lifetime of the employee. Should an employee die during the five years following commencement of the pension, pension payments will continue to be paid to his/her designated beneficiary or the commuted value of said remaining payments to his/her estate for the balance of the five year period unless an optional form of pension had been selected.
Pension Payments. For all services performed under this Agreement, the Producers contractor/leader shall contribute twelve percent (12%) over and above all minimum fees as outlined in this Agreement to the Musicians Pension Fund Canada. In instances where the producer pays performance fees and pension to the leader or contractor a letter from the producer authorizing the leader/contractor to remit pension on the producers behalf, must be provided by the producer to the leader/contractor along with the payment of all fees.
Pension Payments a. Calculation of Post-Service Benefits for persons eligible for payment under this Agreement shall be carried out in accordance with the Public Service Pensions Act, 1992, The Republic of Sudan, as amended 2004, and the National Civil Service Regulation, 2007, The Republic of Sudan, and any other relevant laws or regulations.
Pension Payments a. Payments into the Fire Department Pension Fund by employees of the department and the City shall be made in accordance with the relevant provisions of the Warwick Code or Ordinances, Chapter 20, Fire Protection and Fire Protection and Prevention.
Pension Payments. TSG’s administration and compliance service can provide for benefits to be paid in the form of a pension. If benefits are paid in the form of a pension, TSG will (where applicable): • Provide pension quotes; • Calculate maximum and minimum pension payments; • Complete and lodge Tax File Number Declarations; • Establish a pension payment program on either a monthly, quarterly, but at least yearly basis. (payments may be made using electronic funds transfer); • Register the Fund for PAYG Withholding; • Calculate and deduct any relevant tax on a PAYG basis; • Prepare and lodge PAYG Payment Summary – Individual Non Business certificates relating to pension payments; and, • Coordinate and obtain necessary actuarial certificates. TSG will ensure that each relevant pension standard is met.
