AVC Fund definition

AVC Fund means those assets which are referable to additional voluntary contributions paid under the 1991 Scheme by any Transferring Member which are used to provide money-purchase benefits.
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AVC Fund means a fund comprising those voluntary contributions, or any investments or moneys representing them and any income derived from them, in respect of which the entitlements of Irish Members who have paid them are not related to earnings but are based on the parts of that fund which are respectively attributable to those Irish Members.
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AVC Fund means the assets from time to time representing the voluntary contributions paid by Members to secure additional benefits on a money purchase basis or received as part of a transfer to the Scheme representing voluntary contributions.
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Examples of AVC Fund in a sentence

  • The AVC Fund shall be disregarded for the purposes of the Transfer Amount.

  • In respect of its own NHS Participant Employees, each NHS Participant shall nevertheless request that (subject to the payment of the Transfer Payment being made, and to the Employer having complied in all material respects with its obligations under this Schedule) on or before the Pension Payment Date, the SPPA pays, transfers or procures the payment or transfer to the Broadly Comparable Scheme of the amount attributable to the AVC Fund.

  • Subject to the Transfer Conditions being and remaining satisfied in all respects and the Employer complying in all material respects with its obligations under this Schedule, the relevant NHS Participant shall request that on the Pension Payment Date, the SPPA shall pay the Transfer Payment to the Broadly Comparable Scheme in full and final satisfaction of all interests (other than in relation to the AVC Fund) of or in respect of the Transferring Members under the NHS Pension Scheme.

  • Once CGI makes available a fix or correction to remediate an Issue impacting one or more Service Metrics, measurement of CGI’s non-conformance with the respective Service Metric and associated Service Levels being impacted ends.


More Definitions of AVC Fund

AVC Fund means the accumu- lated value of relevant AVC contri- butions made by a member, other than the accumulated value of relevant AVC contributions of a 55
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AVC Fund means those assets which are referable to or derived from additional voluntary contributions paid under PowerGen's Scheme by Transferring Members and which are used to provide money-purchase benefits; Buyer's Actuary means ▇▇▇▇▇ ▇▇▇▇▇▇ of ▇▇▇▇▇ & ▇▇▇▇▇▇▇ or such other actuary as the Buyer notifies in writing to PowerGen; Buyer's Plan means the pension scheme which is to be established or nominated by the Buyer in accordance with paragraph 2.1; Group Pensions Manager means ▇▇▇▇▇▇ ▇▇▇▇▇▇ of PowerGen UK plc, ▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇;
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AVC Fund means the assets and any income derived therefrom held in the NHS Pension Scheme in respect of the Transferring Members which are attributable to (or treated under the NHS Pension Scheme as attributable to) additional voluntary contributions made by the Transferring Members to the NHS Pension Scheme excluding contributions made to purchase added years
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Related to AVC Fund

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • Program fund means the program fund created under Section 53B-8a-107,

  • Public fund means the state treasurer or a retirement system.

  • Investment Fund has the same meaning as in National Instrument 81-106 Investment Fund Continuous Disclosure;