Maldives Retirement Pension definition

Maldives Retirement Pension means, pension payable under this Act from the Maldives Retirement Pension Scheme in the form of annuity or any other form.
Maldives Retirement Pension means a payment to Participants from the Retirement Savings Account in the form of an Annuity under this Act, or a life time pension to Participants through another form of payment mechanism under this Act.

Examples of Maldives Retirement Pension in a sentence

  • For the purposes of any provision of this Act which relates to employee withholding tax, remuneration subject to withholding tax refers to the total remuneration received by an employee in a month after the deduction of the amount contributed to the Maldives Retirement Pension Scheme referred to in Section 19 of this Act from the employee’s remuneration for that month.

  • Notwithstanding Sections 17 and 32 of this Act, a payment made by a person to the Maldives Retirement Pension Scheme established under the Maldives Pension Act (Law Number 8/2009) shall be deductible in the computation of that person’s taxable income.

  • Agentury mohou pomoci s částí přijímacího procesu (selekce studentů, příprava na VISA proces atd.).

  • On attaining Pension Age under this Act, Public Employees shall receive the Old-Age Basic Pension and/or the Maldives Retirement Pension in accordance with this Act.

  • To unblock the EU-NATO relationship, the allies will need to address many of the issues just mentioned, and do so more or less simultaneously.

  • The funds will be collected, managed and paid out by the Maldives Pension Administration Office (MPAO) under the same system used to deliver the Maldives Retirement Pension Scheme (MRPS).

  • This subcomponent will develop a plan to improve the fiscal sustainability, coverage and benefits of the Maldives Retirement Pension Scheme (MRPS) and address other issues impeding the effectiveness, fiscal sustainability and coverage of retirement pension programs in the Maldives.

  • Authorize staff to send a letter to Contra Costa County by May 23, 2014 confirming Walnut Creek will fully fund library operations at 56 hours per week for fiscal year 2014-2015.

  • Employers must enroll their employees in the Maldives Retirement Pension Scheme, and it is obligatory on the employees to participate in the scheme, under Article 12 of the Maldives Pension Act (18/2016).

  • Discretion to operate a scheme for Maldives Retirement Pension Scheme members opting to save funds through the Pension Office to perform obligatory Hajj, and formulate all the procedures for operating such a scheme.

Related to Maldives Retirement Pension

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • war disablement pension means any retired pay or pension or allowance payable in respect of disablement under an instrument specified in section 639(2) of the Income Tax (Earnings and Pensions) Act 2003;

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after age 65.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Disability Support Pension means the Commonwealth pension scheme to provide income security for persons with a disability as provided under the Social Security Act 1991, as amended from time to time, or any successor to that scheme.

  • Normal Retirement Age means the Executive's 65th birthday.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Earliest Retirement Age means the earliest date on which, under the Plan, the Participant could elect to receive retirement benefits.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Special Retirement means an Optionee’s termination of employment or service with the Employers and Affiliates on or after the later of (i) the Optionee’s attainment of age 62 and (ii) the Optionee’s Early Retirement Date or Normal Retirement Date, as such terms are defined in the Telephone and Data Systems, Inc. Pension Plan.

  • Late Retirement Date means the first day of the month coinciding with or next following a Participant's actual Retirement Date after having reached his Normal Retirement Date.

  • Termination Benefit means the benefit set forth in Article 7.

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: Age at Voluntary Termination Number of Years of Advance Notice 58 or younger 59 60 or older 3 years 2 years 1 year By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

  • Postponed Retirement Date means the first day of the month coincident with or next following a Participant’s date of actual retirement which occurs after his Normal Retirement Date.

  • Retirement Age means the earlier to occur of:

  • Disability retirement for plan 1 members, means the period

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

  • war pension means a war disablement pension, a war widow’s pension or a war widower’s pension;

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Continuing care retirement community means a residential