Scheme Employer Costs Sample Clauses

Scheme Employer Costs. The Scheme Employer will make payment of all early retirement costs as instructed by the Administering Authority and in accordance with LGPS regulations. An invoice will be raised by the Administering Authority for each capital cost that arises and the Scheme Employer will settle the invoice within 21 calendar days of the invoice date. Failure to do so will result in the issue of a notice of unsatisfactory performance in accordance with the Administering Authority’s ‘Pension Administration Strategy’. The Scheme Employer will make payment of any actuarial costs incurred as a result of any request made by the Scheme Employer for actuarial information. This could be as a result of the TUPE transfer of a group of employees to a private company, a request for a covenant review or cessation valuation estimate or in the case of an academy, a funding statement at the point of conversion. An invoice will be raised by the Administering Authority on each occasion that the actuary submits a schedule of costs to the Administering Authority which includes fees resulting from a Scheme Employer’s request for actuarial information. The Scheme Employer will settle the invoice within 21 calendar days of the invoice date.
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Related to Scheme Employer Costs

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