Scheme Liabilities definition

Scheme Liabilities means LFSL's Liabilities in respect of the Scheme Claims.

Scheme Liabilities all employer and employee contributions, payments and other sums due from the Admission Body to the Administering Authority under the Admission Agreement or the Regulations in respect of the current or former Eligible Employees or otherwise;

Scheme Liabilities all employer and employee contributions, payments and other sums due from the Admission Body to the Fund under the Admission Agreement or the Regulations (including for the avoidance of doubt any revised contribution(s) or exit payment due when the Admission Agreement ceases to have effect).

Examples of Scheme Liabilities in a sentence

• If applicable, an external legal opinion in respect of the Eligible Scheme Liabilities (see B.11 below).

• Payments made on or after the Levy Notice Date in respect of Established Scheme Liabilities, to the extent that such payments, when aggregated with other such payments exceed £50,000, have been made subject to the application of the Payment Percentage (85%).

• Type B security agreements require the amount recoverable from the Chargor in respect of Secured Scheme Liabilities to be capped.

• A Levy Notice was issued on 1 January 2014 by the Scheme Administrator at a rate of 15% on Established Scheme Liabilities which exceeded £50,000 in aggregate.

• Scheme Liabilities The liabilities of a defined benefit scheme for outgoings due after the valuation date.

• What this means is that the Chargor must pay out the full amount of the Secured Scheme Liabilities.

• The SPP will be conducted in compliance with ASX Listing Rule 7.2 (exception 5).

• Parliament has agreed, at the request of the Secretary of State for Education, to a guarantee that, in the event of an academy closure, outstanding Local Government Pension Scheme Liabilities would be met by the Department for Education.

• Compensation Fund The £50,000,000 which, pursuant to the Funding Deed, is to be paid by the Parent to the Company for the purpose of defraying Ascertained Scheme Liabilities.

• Local Government Pension Scheme2008-09£'0002009-10£'0002010-11£'0002011-12£'0002012-13£'000Present Value of Scheme Liabilities Fair Value of Assets(289,681)257,164(462,085)354,116(408,953)382,726(459,779)380,687(534,974)435,110(Deficit) in the Scheme(32,517)(107,969)(26,227)(79,092)(99,864) The liabilities show the underlying commitments that the authority has in the long run to pay post- employment (retirement) benefits.

More Definitions of Scheme Liabilities

Scheme Liabilities means any liabilities of the local authority that were incurred (whether solely or 30partially) for the purposes of any land drainage scheme or water-race scheme proposed to be transferred under this Part of this Act and, without

Scheme Liabilities means any liabilities of the local authority that were incurred (whether solely or partially) for the purposes of any land drainage

Scheme Liabilities means any liabilities of the local author­ ity that were incurred (whether solely or partially) for the pur­ poses of any land drainage scheme or water­race scheme pro­ posed to be transferred under this Part and, without limiting the generality of the foregoing provisions of this definition, includes—

Scheme Liabilities all employer and employee contributions, payments and other sums due from the Transferee Admission Body to the Administering Authority under the Transferee Admission Agreement or the Regulations in respect of the current or former Eligible Employees or otherwise; “Transferee Admission Agreement” the admission agreement between the Administering Authority [Scheme Employer] and the Transferee Admission Body, which allows the Eligible Employees to be members of the Scheme and participate in the Fund;