Pension Credit Rights definition

Pension Credit Rights means rights to future benefits under a scheme which are attributable (directly or indirectly) to a Pension Credit.

Pension Credit Rights means rights to future benefits under the Scheme which are attributable to a pension credit;

Pension Credit Rights means benefits, or actual or prospective rights to benefits, under the scheme to or in respect of an ex-spouse by reference to a pension credit arising under the scheme or under a transfer arrangement.

Examples of Pension Credit Rights in a sentence

• The lump sum is limited to 25% of what would have been the cash equivalent of the fund which would have provided the Pension Credit Rights for the Ex-Spouse.

• Where the Ex-Spouse Participant is also entitled to benefits under the Scheme arising from Service as an employee, full commutation of the Pension Credit Rights on the grounds of triviality will only be permitted where benefits arising from Service as an employee are simultaneously commuted.

• Quoted investments are stated at the lower of cost and market value determined on an aggregate portfolio basis by each category of investments, except that where diminution in value of a particular investment is not regarded as temporary, specific allowance is made against the value of that investment.

• No lump sum may be paid to the Ex-Spouse Participant where all the Pension Credit Rights under the Scheme have been transferred into the Scheme with a lump sum nil certificate.

• The lump sum is limited to 25% of what would have been the cash equivalent of the Pension Credit Rights at the Ex-Spouse Participant’s date of death.

More Definitions of Pension Credit Rights

Pension Credit Rights means rights to future benefits under a pension arrangement or a qualifying arrangement which are attributable (directly or indirectly) to a pension credit;

Pension Credit Rights means rights that are attributable (directly or indirectly) to a pension credit.”

Pension Credit Rights means rights to future benefits under these Regulations which are attributable to a pension credit;

Pension Credit Rights means rights to benefits attributable to a Pension Credit.

Pension Credit Rights rights to benefits arising from a credit as defined in section 101P of the 1993 Act;

Pension Credit Rights means rights to benefits arising from a credit as defined in section 101P of the Pension Schemes Act or under corresponding Northern Ireland legislation.

Pension Credit Rights means the rights to future benefits under the Plan which are attributable (directly or indirectly) to a Pension Credit.