Admitted Body definition
Examples of Admitted Body in a sentence
The Admitted Body agrees to meet any increases in employer contributions notified to it by the Scheme Manager subject only to Clause 8.2. below.
The Contracting Authority shall complete Schedule 1 below to the best of its abilities and provide a copy of the same to the Scheme Manager, Scheme Administrator and the Admitted Body [not less than [7/14/28] days before / contemporaneously with] the Effective Date.
The Admitted Body shall maintain accurate and up to date records (including payroll records) and accounts in accordance with all guidance issued by the Scheme Manager from time to time, including in the EPG/EPN.
Without prejudice to the obligation to pay contributions under this Clause 7, if the cumulative increase in final pensionable earnings to an Admitted Person(s) of the Admitted Person’s active membership of the Schemes is greater than the amount set out in the Schemes, the Minister may require the Admitted Body to pay such additional employer pension contributions as the Scheme Actuary shall determine in accordance with the Rules.
In the event of the Admitted Body ceasing to participate in the Schemes the Admitted Body shall procure that all such records and data in relation to Admitted Persons or former Admitted Persons (as may be necessary for either the effective transfer of those persons, or the administration of the Schemes on their behalf), shall be handed to the Contracting Authority and copied to the Minister within 28 days.
The ASLC for the Admitted Body shall be set at the same rates as the ASLC for all public sector employers who participate in the Schemes.
The 2015 New Scheme (with effect from a date to be notified to the Admitted Body by the Minister).
Subject to sub-clause 12.2 below, any issue that may arise between the Contracting Authority and the Admitted Body relating to the construction of this Agreement, or to the rights and obligations of either the Contracting Authority and the Admitted Body under it, shall be referred in writing to the Minister.
The Admitted Body will indemnify the Contracting Authority and the Minister, on his own behalf and on behalf of the Schemes, for any losses incurred by those Parties arising from a breach by the Admitted Body of any term of this Agreement.
The Contract provides for, amongst other things, the transfer of employees to the Admitted Body and the provision of the Services to the Contracting Authority by the Admitted Body.