CHANGE OF PENSION PROVIDER Sample Clauses

The Change of Pension Provider clause establishes the conditions under which an employer may switch the company’s pension scheme provider. Typically, this clause outlines the process for notifying employees of the change, ensuring that accrued benefits are protected, and specifying any requirements for consultation or approval. For example, it may require the employer to select a new provider offering comparable benefits or to give employees advance notice before the transition. The core function of this clause is to provide a clear framework for changing pension providers while safeguarding employees’ retirement interests and minimizing disruption.
CHANGE OF PENSION PROVIDER. Companies covered by the collective agreement that wish to change their pension provider are permitted to do so. The following conditions shall be met when there is a change of pension provider: •
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CHANGE OF PENSION PROVIDER. Enterprises covered by collective agreements wanting to make a change of pension provider, may do so. The following conditions must be met when there is a change of pension provider: • A ballot on the change of pension provider must be held among the employees at the enterprise who are entitled to a pension. The enterprise will inform the employees of the details and consequences of any change. If a majority of the votes cast are in favour of a change in provider, then this can take place. • The conditions set in the collective agreement for a change of provider must be fulfilled. • The transfer of the employees’ deposits in conjunction with a change must take place at no cost to the employees. No deductions may therefore be made from the deposits by either the ceding company or the receiving company. • If the administration costs charged by the pension provider are increased extraordinarily in relation to general market terms, the parties agree that the pension can be transferred to an occupational pension chosen by the enterprise, the administration costs of which are in line with general market terms. Please refer to the guidance on change of pension provider, page 78.
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CHANGE OF PENSION PROVIDER. Unless otherwise stipulated in this agreement, the pension scheme must be established with: Pension for Funktionærer (pension for salaried employees) – ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇ ▇▇-▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇ Telephone: +▇▇ ▇▇▇▇▇▇▇▇ Enterprises covered by collective agreement wanting to make a change of pension provider, may do so. However, this does not apply to enterprises which have previously had pension agreements with FunktionærPension, or which are otherwise covered by the FunktionærPension portfolio in Pension for salaried employees – PFA Pension. Finally, enterprises which have already entered a pension scheme before entering the collective agreement, and will thus be covered by the pension for salaried employees on accession of the collective agreement, cannot change their pension provider unless the parties come to an agreement on this. The following conditions must be met when there is a change of pension provider: •
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CHANGE OF PENSION PROVIDER. Unless otherwise stated in this agreement, the pension scheme shall be estab- lished in: Pension for Salaried Employees – PFA Pension Sundkrogsgade ▇ ▇▇-▇▇▇▇ ▇▇▇▇nhagen Ø Phone: +45 39175000 ▇▇▇▇▇▇▇▇▇ ▇▇vered by a collective agreement that wish to change their pension provider may do so. However, this does not apply to companies that have pre- viously had a pension agreement with FunktionærPension or that are otherwise covered by the FunktionærPension portfolio at Pension for Salaried Employees – PFA Pension. Finally, companies which have already entered a pension scheme before entering the collective agreement, and will thus be covered by the pension for salaried employees on accession of the collective agreement, cannot change their pension provider unless the parties come to an agreement on this. The following conditions must be met when changing pension provider: • A ballot on the change of pension provider must take place among the employees eligible for pension at the company. The company shall inform employees about the details and consequences of a possible change. If a majority of the votes cast are in favour of a change of supplier, this can take place. • When changing provider, the conditions stipulated in the collective agree- ment must be met. • The transfer of the employees' deposits in connection with a switch must be done at no cost to the employees. Thus, no deductions may be made from the custody accounts, neither by the transferring nor the receiving company. • Please refer to the guide on changing pension provider, page 79. Reference is also made to the Agreement on Pension Schemes (Aftale om pensionsordninger), page 74, and the Free Choice Account, cf. Section 5(2).
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CHANGE OF PENSION PROVIDER. Unless otherwise stated in this agreement, the pension scheme shall be set up with: Pension for salaried employees – ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇ ▇▇-▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇ Tel.: +▇▇ ▇▇▇▇ ▇▇▇▇ Companies covered by the collective agreement that wish to change their pension provider are permitted to do so. However, this does not apply to companies which have previously had pension agreements with FunktionærPension, or which are otherwise covered by the FunktionærPension portfolio in Pension for salaried employees – PFA Pension. Ultimately, companies which have already entered a pension scheme before entering the agreement, and will thus be covered by the Pension for salaried employees upon adoption of the agreement, cannot change their pension provider unless the parties come to an agreement on this. The following conditions shall be met when there is a change of pension provider: •
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CHANGE OF PENSION PROVIDER. Enterprises covered by the collective agreement that wish to change their pension provider are permitted to do so. The following conditions shall be met when there is a change of pension provider: • A ballot on the change of pension provider shall be held among the employees at the enterprise who are entitled to a pension. The enterprise will inform the employees of the details and consequences of any change. If a majority of the votes cast are in favour of a change in provider, then this can take place. • The conditions set out in the collective agreement for a change of provider must be met. • The transfer of the employees’ deposits in conjunction with a change must take place at no cost to the employees. No deductions may therefore be made from the deposits by either the ceding enterprise or the receiving enterprise. Please refer to the guidance on page 89 on change of pension provider.
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Related to CHANGE OF PENSION PROVIDER

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  • CHANGE OF T-PIN The Account Holder may change his T-PIN from time to time in accordance with the Bank’s prescribed procedure then prevailing. The Bank shall be entitled, in its reasonable discretion but without liability and without giving any reason, to reject any selection made by the Account Holder as his substituted T-PIN; if the Bank so approves, such substituted T-PIN, shall take effect from the time of receipt by the Bank of such instructions from the Account Holder. The Account Holder shall take all steps not to select such numbers as a substitute T-PIN which may easily be ascertained or otherwise facilitate fraud or forgery.

  • Change of Account Either party may change its account for receiving a payment or delivery by giving notice to the other party at least five Local Business Days prior to the scheduled date for the payment or delivery to which such change applies unless such other party gives timely notice of a reasonable objection to such change.

  • Change of Control Benefit Upon a Change of Control, the Company shall pay to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.

  • Change of Law In this Agreement, unless the context otherwise requires, references to a statutory provision include references to that statutory provision as from time to time amended, extended or re- enacted and any regulations made under it, provided that in the event that the amendment, extension or re-enactment of any statutory provision or introduction of any new statutory provision has a material impact on the obligations of either Party, the Parties will negotiate in good faith to agree such amendments to this Agreement as may be appropriate in the circumstances. If, within a reasonable period of time, the Supplier/Service Provider and Transnet cannot reach agreement on the nature of the changes required or on modification of Prices, delivery schedules, warranties, or other terms and conditions, either Party may seek to have the matter determined in accordance with clause 32 [Dispute Resolution] above.