pensionable service definition

pensionable service means service which may be taken into account in computing pension under these Regulations;

pensionable service means (subject to Regulations 2(13), 2(15) and 21) the member’s last or only period of continuous service whilst a member of the scheme in accordance with these Regulations and, in the case of a member referred to in Regulation 2(2)(a), service as defined under the 1967 Regulations, and, in the case of a member referred to in Regulation 2(3)(a), not being a person to whom Regulation 2(8)(c) applies, or in the case of a member who transferred into the scheme from the Former Hospital Scheme, contributory service as defined under the Former Hospital Scheme Rules, together with any added years or any period of notional pensionable service awarded under Regulation 17;23

pensionable service means service, which qualifies the teacher to receive a pension from the Government or the University;

Examples of pensionable service in a sentence

• A Combined Plan (the ‘‘Combined Plan’’) which is a combination of the Defined Benefit Plan and the Defined Contribution Plan under which benefits are based on 0.75% of a person’s Credited Pensionable Service together with TransCanada contributions to the employee’s Defined Contribution Plan in the amount of 3% per annum.

• As of October 1, 2001, this Plan is no longer an option for new employees.Registered pension plan benefits are subject to a ceiling imposed by the Income Tax Act (Canada) of$1,722 per month for each year of Credited Pensionable Service, with the result that benefits cannot be earned in the Registered Pension Plan on salaries above approximately $109,000 per annum.Under the Executive Supplemental Pension Plan, officers of TransCanada are entitled to supplementary pension benefits.

More Definitions of pensionable service

pensionable service in relation to the Scheme, means a period of Scheme employment computed in years and complete days;

pensionable service means service which, pursuant to rules prescribed byregulations, shall be taken into account in computing benefits under the defined benefit part of the Plan;

pensionable service. , in relation to a member, means, subject to Article 8(5), (7) and (9), Article 9(5), (7) and (9) and Article 45, the member’s last or only period of continuous service whilst a member of the scheme in accordance with this Order;

pensionable service means in relation to a Member the period, or where appropriate the aggregate of periods, of a Member’s Service as an Eligible Employee of an Approved Employer, which is counted for purposes of determining the amount of benefits under the DB Program payable to, or on behalf of, a Member. Pensionable Service shall also include any other period of employment with a member of the PepsiCo Organization or any Employer for which the Vice President determines to give credit under the DB Program to the Member. Absent special circumstances, as determined by the Vice President, such other period of such prior period of employment will only be counted as Pensionable Service if such Employer maintained a retirement plan to which it made contributions on behalf of eligible employees.

pensionable service means, in relation to a member who was a "pre-2011 member" (within the meaning of the rules of the scheme as they stood on 31 March 2016), and to the period prior to 1 April 2016, a number of years consisting of the aggregate of:

pensionable service means the period of service of a member, used to determine the amount of the benefits payable to a member under this Plan, for which contributions were made by the member or the employer, or are deemed to have been made by the member or by the employer, but does not include service which the member is, because of this Plan, not permitted to count as pensionable service;

pensionable service means the total years of service which a member is entitled to count for pension purposes and, subject to Regulations 2(6) and 21, includes –