SSPF definition
Examples of SSPF in a sentence
With regard to pensions already accrued at SSPF, the basic principle (and the government’s preference) is that they should be converted into the new premium scheme.
For those pensioners who have accrued a pension in the SSPF scheme in the past and if conversion is chosen, the pensioners will have a one- off choice between a variable pension with the pension fund (which will then move in line with the investment results) or a fixed pension with an external insurer.
In the SSPF scheme a certain pension bene- fit is promised but that will no longer be allowed.
Therefore, accrual under the current SSPF scheme will no longer be possible in the future.
The SSPF participants will therefore for the future accrue pension in a premium scheme with a flat contribution.
If that happens, SSPF will cease to exist and the Shell guarantee on pensions already accrued will also disappear.
Two exceptions are possible under the WTP: - SSPF: If conversion is disproportionately unfavourable for (some of) the stakeholders (the current employees, the pensioners, the former colleagues and/or the employer), the exception may be used.
It is a charge which may be deducted from amounts withdrawn from the SSPF other than Participant Withdrawals.
A 128 x 400, XY routing switch at this location interfaces directly with outputs from the SSPF switch (96 x 200) and the LC-39 OTV switch (192 x 512).
At all times that (i) the I&G Fund owns any direct or indirect interests in Investor, JPMIM (or any Affiliate thereof) or Morgan (or any Affiliate thereof) (each an "Acceptable Advisor") s▇▇▇▇ ▇e the advisor (directly or indirectly) to the I&G Fund and (ii) SSPF owns any direct or indirect interests in Investor, an Acceptable Advisor shall be the advisor (directly or indirectly) to SSPF.