1 Interpretation and Definitions
In this Schedule, unless the context otherwise requires, the following terms shall have the meanings given to them below:
means the letter from the Administering Authority's Actuary, a copy of which has been attached to this Schedule2; | |
means [name of actuary] of [name of firm], or another actuary appointed by the Administering Authority for the purposes of this Schedule; | |
"AVCs" | means AVCs or SCAVCs as defined in the LGPS Regulations; |
means [name of actuary] of [name of firm], or another actuary appointed by the Contractor and/or relevant sub-contractor for the purposes of this Schedule; | |
means the pension scheme or schemes nominated by the Contractor and/or relevant sub-contractor in accordance with clause 31.7.1 of this Agreement; | |
"Due Date" | means the date [ ] days after the last of the conditions in paragraph 3.6 of this Schedule has been satisfied; |
"Fund" | |
means the amount or amounts referred to in paragraph 3.1 of this Schedule; | |
means an Eligible Employee who agrees to a transfer of benefits being made for him or her from the Fund to the Contractor's Scheme under paragraph 2.1 of this Schedule; |
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2 This Schedule is drafted on the assumption that the bulk transfer takes place following a Relevant Transfer Date. The Schedule does not provide for a bulk transfer following a Cessation Date (when the Contractor or the relevant Sub-Contractor ceases to be an Admission Body in the LGPS and provides a broadly comparable pension scheme as an alternative pension provision) because of the uncertain nature of a Cessation Date. If the Authority wishes the Schedule to apply in the event of a Cessation Date then appropriate amendments to the Schedule will be required and consideration will need to be given regarding the open-ended nature of the Actuary's Letter.