Additional Voluntary Contributions. Nothing in this Part B shall apply to AVCs or to benefits secured by them. However, the Authority shall use all reasonable endeavours to procure that the assets representing each Transferring Member's AVCs in the Local Government Pension Scheme shall be transferred to the Contractor's Scheme. The Contractor shall (and shall procure that each relevant Employing Subcontractor shall) ensure that the Contractor's Scheme provides benefits for each relevant Transferring Member which are equivalent to the assets transferred.
Appears in 5 contracts
Sources: Industry Standard Partnering Agreement, Industry Standard Partnering Agreement, Industry Standard Partnering Agreement