Annual Benefit Statements Sample Clauses

Annual Benefit Statements. The Scheme Administrator will provide an electronic version of the scheme member’s annual benefit statement within the statutory deadline (31st August) providing the Scheme Employer has submitted their ‘year-end data file and answered all associated queries in accordance with section 4.2.9 of this SLA. Annual Benefit Statements will be made available to view, download or print by the Scheme member via ‘mypension ONLINE’. Hard copies of the statement will be made available to Scheme members of a Scheme Employer upon request.
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Annual Benefit Statements update on the ABS project looking at data items to be included The Chair hosted a meeting on 11 October 2019 with RA and AH, colleagues from Staffordshire and West Midlands Pension Funds, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ from Shropshire and the following representatives of the pensions administration software suppliers: ▇▇▇▇ ▇▇▇▇▇▇ – ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ – Civica ▇▇▇▇▇ ▇▇▇▇▇ – Capita ▇▇▇ ▇▇▇▇▇▇ – Equiniti Notes from that meeting: The possibility of tailored statements was discussed – providing different information to different member ‘types’. Although this may be ideal for members, many funds do not have the resources or technical expertise to produce multiple statements and so it is likely that they will continue to use a single statement template for all members. There was agreement on most issues: - Capita and Equiniti to take forward the SAB recommendation that a late payment increase is included in final salary benefits of a member under their NPA on 31 March - Continue to provide a projection of benefits to NPA (with a blank section or figures at 31 March repeated for a member over NPA on 31 March) - Both 31 March figures and projection to NPA should be the figures after any divorce or Annual Allowance scheme pays debit has been deducted - Maximum commutation figures at 31 March should be based on the pension and lump sum figures after the deduction of a divorce or AA scheme pays debit. There was no agreement on the inclusion in the statement of reduced figures at 31 March for those members between age 55 and NPA on that date. Civica believes that this is already offered to their clients, but need to check if this is part of the ‘standard’ package, or a chargeable extra. ▇▇▇▇▇▇▇ pointed out that there would be significant development costs associated with this change. The change would need to be made for LGPS Scotland and Northern Ireland as well as for England and Wales. ▇▇▇▇▇▇▇ will consult with the CLASS Group to gauge the level of demand for this development.
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Annual Benefit Statements. The Scheme Administrator will issue Annual Benefit Statements to the scheme members of an Employing Authority following receipt of all relevant year end information from the Employing Authority.
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Annual Benefit Statements. The Administering Authority will issue annual benefit statements on the ‘member portal’ to active members or via their employer where written notification is received to opt out of member portal. This will be by 31 August after relevant annual return information from the Employing Authority is received and uploaded or in any case not later than prescribed in the regulations.
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Related to Annual Benefit Statements

  • Effective Date of Benefit Termination Medical, dental and life coverage termination will take effect on the first of the month following the loss of eligible employee or dependent status. Disability benefit coverage terminations will take effect on the day following loss of eligible employee status.

  • STATEMENT OF MUTUAL BENEFIT AND INTERESTS   In consideration of the above premises, the parties agree as follows:

  • SUPPLEMENTAL BENEFITS The employer shall maintain a “Supplemental Unemployment Benefits Plan” pursuant to the Employment Insurance Act and Regulations in regard to maternity, parental and adoption leave. The employer shall make amendments as appropriate to ensure that the Plan provides the maximum permissible benefits in conjunction with Articles 17.06, 17.07 or 17.08.

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • Defined Benefit Pension Plans The Borrower will not adopt, create, assume or become a party to any defined benefit pension plan, unless disclosed to the Lender pursuant to Section 5.10.