Pension Schedule definition
Examples of Pension Schedule in a sentence
The provisions of the Pension Schedule shall have effect in respect of the UK Benefit Plans.
For all hours or portion (rounded to the whole hour) thereof for which an employee receives pay, the Company shall make a contribution to the Pension Fund in accordance with the Contribution Rates as shown under the Wage and Pension Schedule in the Collective Agreement .
If for any reason the Pension as calculated under the TCN Plan does not provide the minimum Pension required by the Pension Schedule, IFF will pay you a monthly supplemental amount so that your aggregate retirement benefit from all Applicable Sources equals the Pension required by the Pension Schedule for the applicable retirement date.
If your actual retirement date (the "Retirement Date") falls between any two dates in the Pension Schedule, the Pension will be adjusted accordingly.
IFF agrees to assure that, upon your retirement from the Company, you will receive an aggregate minimum monthly pension, expressed as a 60-month annuity certain (the "Pension"), of at least the amount in respect of the various retirement dates set forth in the schedule below (the "Pension Schedule").
Certain matters in relation to the pension schemes shall be handled as specified in the Pension Schedule.
Mandatory Policy Required Regulation 16(2)(e) and 16(4)(d) of the Scheme Regulations – Employer Funding of Additional Pension Contributions (APCs); Regulation 30(6) of the Scheme Regulations – Flexible Retirement; Regulation 30(8) of the Scheme Regulations – Waiving of Actuarial Reduction; Regulation 31 of the Scheme Regulations – Award of Additional Pension; Schedule 2 of the Transitional Regulations – Switching on the 85-Year Rule.
Pensions commitments made to active, passive or former employees of the Companies shall be dealt with as set forth in the Pension Schedule attached as Exhibit 15.5.