Defined Benefit Pension Scheme definition

Defined Benefit Pension Scheme or “DBPS” means an occupational pension scheme as defined by Article 3(1) of the Financial Services and Markets Act (Regulated Activities) Order 2001, namely where the amount paid to the beneficiary is based on how many years the beneficiary has been employed and the salary the beneficiary earned during that employment (rather than the value of their investments);
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Defined Benefit Pension Scheme means pension schemes where the pension obligation consists of providing a future pension that is calculated on the basis of future benefits.
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Defined Benefit Pension Scheme or “DBPS” means an occupational pension that pays out a defined benefit or guaranteed specified amount to the pension holder based on factors such as the number of years worked and the customer’s salary;
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Examples of Defined Benefit Pension Scheme in a sentence

  • If the nature of the AFP scheme changes, the charging of costs for AFP shall follow the rules for charges for either Defined-Benefit Pension Scheme, Defined-Contribution Pension Scheme or Hybrid Pension Scheme, depending on which scheme has more similarities with the changed AFP scheme.

  • Transitional rules The Operator shall charge the Joint Account a settlement for employer’s contribution, which has not previously been charged to the Joint Account for incurred pension obligations as of 31 December 2016 under unfunded Defined-Benefit Pension Scheme and unfunded Defined-Contribution Pension Scheme, and for potential under coverage in funded Defined-Benefit Pension Scheme.


More Definitions of Defined Benefit Pension Scheme

Defined Benefit Pension Scheme or “Defined Benefit Pension” means an occupational pension scheme as defined by Article 3(1) of the Financial Services
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Defined Benefit Pension Scheme means a pension scheme as defined in section 1(5) of the Pension Schemes Act 1993(1) which is not a money purchase scheme as defined in section 181 of that Act;
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Defined Benefit Pension Scheme or “DBPS” means an occupational pension scheme as defined by Article 3(1) of the Financial Services and Markets Act (Regulated Activities) Order 2001, namely where the amount paid to the
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Defined Benefit Pension Scheme means a pension scheme (as defined by section 1(5) of the Pension Schemes Act 1993(8)) which is a defined benefits scheme within the meaning given by section 2 of the Pension Schemes Act 2015(9);
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Defined Benefit Pension Scheme means the defined benefit pension scheme of the Company, governed and administered under the Pension Trust Deed;
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Defined Benefit Pension Scheme means the Salt Union Limited Defined Benefit Pension Scheme;
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Related to Defined Benefit Pension Scheme

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Continuing care retirement community means a residential