Year for Year definition

Year for Year means that one year of service with an earlier organisation is equivalent, upon transfer, to one year of service with a later organisation, e.g. 4 years 37 days service with organisation A is worth., on a year for year basis, 4 years 37 days pension credit with organisation B.
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Related to Year for Year

  • Calendar Year means each successive period of twelve (12) months commencing on January 1 and ending on December 31.

  • Prior Year means the year commencing 1 April immediately prior to the relevant Charging Year;

  • Deferral Year means each calendar year during which the Trustee makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • Limitation Year means the Plan Year.