Benchmarked definition

Benchmarked means that after it has been indexed, the combined couple rate is checked to see whether it is equal to or higher than 41.76% of MTAWE. If the rate is lower than this percentage, the rates are increased to the appropriate benchmark level. If the rate is higher it is not adjusted down. The last attempt to change the indexation was the 2014 Budget when the new Coalition Government legislated to change it to CPI only. COTA lead a campaign (Hands Off the Pension) to prevent this happening, which attracted widespread stakeholder, public and cross bench support, and the legislation stalled in the Senate.
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Benchmarked has the correlative meaning.)
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Examples of Benchmarked in a sentence

  • This section applies to pricing not Benchmarked to GSA Supply Schedule.

  • The purpose of a Benchmark Review will be to establish whether the Benchmarked Goods and/or Services are, individually and/or as a whole, Good Value.

  • The Goods and/or Services that are to be the Benchmarked Goods and/or Services will be identified by the Authority in writing.

  • The purpose of a Benchmark Review will be to establish whether the Benchmarked Rates are, individually and/or as a whole, Good Value.

  • The rates that are to be the Benchmarked Rates will be identified by the Authority in writing.

  • The purpose of a Benchmark Review will be to establish whether the Benchmarked Services are, individually and/or as a whole, Good Value.

  • The Services that are to be the Benchmarked Services will be identified by the Authority in writing.

  • Upon review, if Salary is less than 10% of the comparable Benchmarked Companies, the Compensation Committee will make a good faith effort to increase compensation accordingly.

  • The District Maximum Annual Contribution shall annually increase or decrease as set forth below depending upon the premium cost of the Benchmarked Plan.

  • The costs and expenses of the Benchmarking Company shall be borne equally by Transnet and the Service Provider unless the Benchmark Review finds that the Benchmarked Services are not Good Value, in which case these costs shall be borne by the Service Provider.