SUPERVISION DEPARTMENT GUIDELINE NO. 1/2017
|
|
|
- Malcolm Walters
- 5 years ago
- Views:
Transcription
1 SUPERVISION DEPARTMENT GUIDELINE NO. 1/2017 PRUDENTIAL GUIDELINE FOR THE IMPLEMENTATION OF REGULATIONS 14 (2A) AND 19 (6) OF THE RETIREMENT BENEFITS (OCCUPATIONAL RETIREMENT BENEFITS SCHEMES), REGULATIONS, 2000 ON MANAGEMENT OF POST-RETIREMENT MEDICAL FUNDS RBA Prudential guideline Page 1
2 1. INTRODUCTION Regulation 14(2A) of the Retirement Benefits (Occupational Retirement Benefits Schemes)Regulations, 2000 requires scheme rules to allow for additional voluntary contributions by a member in respect of funding of a medical fund to be accessed at retirement. Further, Regulation 19(6) of the Retirement Benefits (Occupational Retirement Benefits Schemes) Regulation, 2000 requires schemes rules to allow members transfer a portion of benefits to a medical-cover provider where the member has been unable to build a post-retirement medical fund from additional contributions. This Prudential Guideline outlines the key aspects in the implementation and management of post-retirement medical funds. 1.1 EFFECTIVE DATE This Prudential Guideline shall come into effect on the date of publication of the guideline 1.2 DEFINITIONS Medical drawdown fund - Means a fund which pays incurred medical expenses and is administered by a registered insurance company or other regulated financial services provider Other definitions to be considered as deemed appropriate Any term(s) defined in the Retirement Benefits Act and Regulations retains the same meaning for the purposes of this guideline. RBA Prudential guideline Page 2
3 2. SETTING UP POST-RETIREMENT MEDICAL FUNDS 2.1 All schemes shall be required to introduce provisions in the scheme rules allowing for contributions by members in respect of a postretirement medical fund by either; i. Amending the scheme rules or ii. Formulating a supplementary deed to govern the operations of the medical fund. 2.2 The Deed of amendment or the Supplementary Deed shall be forwarded to the Authority for approval before implementation in accordance with Regulation 16(1(c) of the Retirement Benefits (Occupational Retirement Benefits Schemes) Regulations The Trustees may seek professional advice from an Actuary when determining the appropriate design and funding, including advise on contribution levels expected to meet target set of medical benefits at retirement, of the post-retirement medical fund 2.4 The sponsor may meet the initial set-up costs of the medical fund. 3 CONTRIBUTIONS 3.1 Contributions to the post-retirement medical shall remain voluntary and may be made by the member, sponsor or both provided that; Any contributions by the sponsor shall be supported through a sponsor s resolution; and the same shall be submitted to the Authority. 3.2 All contributions (from sponsor and/or members) shall vest to the member immediately RBA Prudential guideline Page 3
4 3.2 Contributions into the fund by members and/or the sponsor shall either be: i. A fixed percentage of members emoluments ii. Fixed amount per member iii. Amounts determined by an actuary aimed at achieving a target post-retirement medical benefit upon retirement 4 ADMINISTRATION & INVESTMENT 4.1 The medical fund shall be administered and managed by the Board of Trustees of the main fund. The Trustees will have a fiduciary responsibility to manage the medical fund to the exclusive benefit of all participating members and/or their/beneficiaries. 4.2 Trustees shall retain the same service providers for the medical fund as those of the main fund; 4.3 The medical fund shall be segregated from the funds of the main retirement benefits scheme funds 4.4 The Trustees shall prepare a separate investment policy for the medical fund in line with Section 37 of the Retirement Benefits Act and Regulation 37 of the Retirement Benefits (Occupational Retirement Benefits Schemes), Regulations The preparation of the policy shall be an expense of the medical fund or the sponsor. 4.5 All the reporting, communication, disclosure & general administration requirements in the Retirement Benefits Act & the related Regulations shall apply in the management of the medical funds. RBA Prudential guideline Page 4
5 5 ACCESS 5.1 The scheme rules shall specify how the post-retirement medical benefits will be accessed; i. On attainment of the scheme s retirement age or ii. Exit before attainment of retirement age 5.2 Upon attainment of retirement age, benefits shall be provided through various options which depend on the fund design as in 2.3 above. These options may include: Transfer to a medical drawdown fund Transfer portion or whole of the fund to a registered insurance company for purchase of a medical insurance cover. Provision of medical benefits within the scheme and/ or medical fund in accordance with the scheme/fund provisions 5.3 Upon exit before attainment of the retirement age, scheme rules shall provide how the accumulated funds will be accessed provided that; The Sponsor s contribution (if any); Shall not be accessed by the member until attainment of retirement age (early/normal), or in case of death, illhealth or permanent emigration/relocation to another country May be transferred to another registered post-retirement medical fund or a medical provider to secure cover Members shall have the following options with respect to the portion of the medical fund arising from own contributions: RBA Prudential guideline Page 5
6 Payment of up to hundred per centum of the fund Transfer hundred per centum of the fund to another registered medical fund or a medical service provider to secure a cover Benefits in this fund shall not be accessed while the member remains in the employment of the sponsor 5.4 Upon death of the member, as the beneficiaries shall be utilised to either secure a medical cover for the nominated beneficiaries or as one-off payment to the beneficiaries. 6 TRANSFER OF MEMBER S PORTION 6.1 Trustees shall amend the scheme rules to allow members who have attained the retirement age to transfer of a portion of their retirement benefits (pension benefits accrued/accumulated in the main fund) to a medical service provider for the purposes of securing a postretirement medical cover provided that; The portion so transferrable shall not exceed the maximum of commutable amount 6.2 The amendments to the scheme rules shall be forwarded to the Authority for approval 7 GUARANTEES 7.1 If the sponsor contributes to the fund and the fund design provides for guarantees on the level of medical benefits, then the consent of the sponsor shall be required in determining the level and design of the guarantees, and before any amendments to the guarantees in future. 7.2 Schemes with such guarantees will be required to carry out triennial actuarial valuations and the same shall be submitted to the Authority. RBA Prudential guideline Page 6
7 7.3 Scheme rules shall specify how deficits in the fund, if any, will be offset. 8 TAXATION The current taxation regime for additional voluntary contributions (AVCs) by members and funds/benefits arising from these contributions shall apply with respect to the medical fund; unless otherwise communicated by the Authority Issued This. Day of 2017 CHIEF EXECUTIVE OFFICER RBA Prudential guideline Page 7
MINE SUPERANNUATION FUND ( THE FUND ) CONTINGENT LIABILITY AND PENSIONERS RESERVE ACCOUNT (QUEENSLAND MEMBERS) (THE ACCOUNT )
MINE SUPERANNUATION FUND ( THE FUND ) CONTINGENT LIABILITY AND PENSIONERS RESERVE ACCOUNT (QUEENSLAND MEMBERS) (THE ACCOUNT ) REPORT TO THE TRUSTEE ON THE ACTUARIAL INVESTIGATION OF THE ACCOUNT AS AT 30
MAKERERE UNIVERSITY RETIREMENT BENEFITS SCHEME. Members Handbook
MAKERERE UNIVERSITY RETIREMENT BENEFITS SCHEME Members Handbook INTRODUCTION This Booklet describes the benefits provided under the Makerere University Retirement Benefits Scheme. This Scheme is established
Guernsey Practice Notes Requirements for Approved Occupational Pension Schemes
Guernsey Practice Notes Requirements for Approved Occupational Pension Schemes July 2011 These notes have been prepared by the BWCI Group in conjunction with the States of Guernsey Income Tax Office G38521.1
Local Government Pension Scheme (England and Wales)
Local Government Pension Scheme (England and Wales) Use of accumulated AVCs to provide additional pension under the Scheme Consolidated working copy Date: 28 March 2014 Updated for changes to August 2015
Local Government Pension Scheme (England and Wales)
Local Government Pension Scheme (England and Wales) Use of accumulated AVCs to provide additional pension under the Scheme Non-councillor members who commenced payment of AVCs on or after 1 April 2014
THE LAFARGE UK PENSION PLAN STATEMENT OF INVESTMENT PRINCIPLES DEFINED BENEFIT SECTION
THE LAFARGE UK PENSION PLAN STATEMENT OF INVESTMENT PRINCIPLES DEFINED BENEFIT SECTION Section Page 1 Introduction 2 The Framework of Investment Powers and Processes 3 Investment Principles 4 Investment
Policy Bulletin #9 Issue Date: June 29, 2011 Revised Date: January 21, 2015 Termination and Winding Up of Plans
Policy Bulletin #9 Issue Date: June 29, 2011 Revised Date: January 21, 2015 Termination and Winding Up of Plans Reference: The Pension Benefits Act Section 33, Subsections 1(1), 21(1), 21(1.1), 21(2),
Sample note for the year ended 30 June 2017
Sample note for the year ended 30 June 2017 To be inserted in Note 1 Statement of accounting policies under the sub-note Employee Benefits Superannuation The amount charged to the Comprehensive Operating
Superannuation Fund Instruction Sheet
Superannuation Fund Instruction Sheet PLEASE COMPLETE ALL DETAILS IN LEGIBLE HANDWRITING AND PROVIDE FULL LEGAL NAMES. SUPERANNUATION FUND for self-managed fund ( SMSF ) with 4 or fewer members. SECTION
AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY SUPERANNUATION CIRCULAR NO. I.C.1 MINIMUM BENEFITS STANDARDS
AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY SUPERANNUATION CIRCULAR NO. MINIMUM BENEFITS STANDARDS DECEMBER 1998 DISCLAIMER AND COPYRIGHT NOTICE 1. The purpose of this Circular is to provide general guidance
NEW AIRWAYS PENSION SCHEME OPERATING RULES OF FLEXIBLE RETIREMENT 1. INTRODUCTION... 2
TABLE OF CONTENTS NEW AIRWAYS PENSION SCHEME OPERATING RULES OF FLEXIBLE RETIREMENT 1. INTRODUCTION... 2 2. DEFINITIONS... 2 2.1 SCHEME RULES... 2 2.2 FINAL RETIREMENT BENEFITS... 2 2.3 FLEXIBLE RETIREMENT...
LLOYDS BANK PENSION SCHEME NO.2 SCHEME BENEFITS SUMMARY
LLOYDS BANK PENSION SCHEME NO.2 SCHEME BENEFITS SUMMARY This document has been prepared on behalf of Lloyds Banking Group Pensions Trustees Limited (the Trustee ) to provide a summary of some of the benefits
Guide to the Pension Scheme
Guide to the Pension Scheme Guinness Ireland Group For contributory members Definitions In this booklet certain terms occur frequently and are identified throughout the booklet in italics: Company - means
GUIDANCE NOTE SEGREGATED ASSETS CERTIFICATES BY ACTUARIES UNDER SECTION 273A AND SECTION 273B OF THE INCOME TAX ASSESSMENT ACT
THE INSTITUTE OF ACTUARIES OF AUSTRALIA A.C.N. 000 423 656 GUIDANCE NOTE 452 - SEGREGATED ASSETS CERTIFICATES BY ACTUARIES UNDER SECTION 273A AND SECTION 273B OF THE INCOME TAX ASSESSMENT ACT APPLICATION
Actuarial review as at 1 July 2013 Hannover Life Re of Australasia Ltd Superannuation Plan
November 2013 Actuarial review as at 1 July 2013 of Australasia Ltd Superannuation Plan Prepared by Geoff McRae SYDNEY Level 1 2 Martin Place Sydney NSW 2000 T +61 2 9293 3700 F +61 2 9233 5847 MELBOURNE
DETERMINATION OF ACCRUED BENEFITS FOR DEFINED BENEFIT SUPERANNUATION FUNDS
PROFESSIONAL STANDARD 402 DETERMINATION OF ACCRUED BENEFITS FOR DEFINED BENEFIT SUPERANNUATION FUNDS September 2012 INDEX 1 INTRODUCTION 3 1.1 Application 3 1.2 Classification 3 1.3 Background 4 1.4 Purpose
NEW MEMBER BOOKLET UNIVERSITY OF JOHANNESBURG PENSION FUND
NEW MEMBER BOOKLET UNIVERSITY OF JOHANNESBURG PENSION FUND 1 Please note: Everything possible was done to ensure the accuracy of this booklet. However, the official rules in terms of which the benefits
Nortel Networks UK Pension Plan ( the Plan )
F12 Nortel Networks UK Pension Plan ( the Plan ) Glossary Factsheet Additional Recoveries Arrears payment Following the insolvency of Nortel Networks in January 2009, the Trustee has taken various actions
Kansas Public Employees Retirement System
Kansas Public Employees Retirement System KPERS Overview and Benefits Presented by: Alan D. Conroy, Executive Director Phone: 785-296-6880 Email: aconroy@kpers.org House Financial Institutions and Pensions
Pension Transfer Analysis Report
Pension Transfer Analysis Report Created for Ms Maxine Investor On 04 December 2018 By IFA Firm In respect of a transfer from DB Scheme Client Reference:AB123456C Introduction This Pension Transfer Analysis
A GUIDE FOR MEMBERS Non-Contributory Members Handbook. First Active Pension Scheme
A GUIDE FOR MEMBERS Non-Contributory Members Handbook First Active Pension Scheme 1 2 A GUIDE TO YOUR PENSION SCHEME Your pension scheme is one of the most important and valuable benefits the Company offers
General Rules for Small Self-Administered Schemes
General Rules for Small Self-Administered Schemes The following Rules numbered 1A to 13 inclusive are the General Rules referred to in the Trust Deed governing the Scheme. Code: SAS71 April 2015 PAGE 1
IOPS COUNTRY PROFILE: SOUTH AFRICA
IOPS COUNTRY PROFILE: SOUTH AFRICA DEMOGRAPHICS AND MACROECONOMICS GDP per capita (USD) 5,299 Population (000s) 55 900 Labour force (000s) 27 000 Unemployment rate 26.7 Population ages 65 and above 5.2
Member Booklet Product Disclosure Statement
mysuper.watsonwyatt.com/wwa Australia February 2008 Watson Wyatt Superannuation Fund Category A Member Booklet Product Disclosure Statement For defined benefit members who joined the Fund prior to 1 March
Main features of Universities Superannuation Scheme A guide for independant financial advisors
Main features of Universities Superannuation Scheme A guide for independant financial advisors This guide is designed to support Independent Financial Advisors (IFAs) in their work with members of Universities
PROFESSIONAL STANDARD 400 INVESTIGATIONS OF DEFINED BENEFIT SUPERANNUATION FUNDS
THE INSTITUTE OF ACTUARIES OF AUSTRALIA A.C.N. 000 423 656 PROFESSIONAL STANDARD 400 INVESTIGATIONS OF DEFINED BENEFIT SUPERANNUATION FUNDS APPLICATION 1. This standard applies to actuarial investigations
Freedom and Choice AVCs
Freedom and Choice AVCs Contents Background Pension flexibilities and AVCs LGPS (Amendment) Regulations 2018 AVC categories AVC options at retirement Transferring AVCs AVCs and aggregation Disclosure Requirements
STATE OF NEW JERSEY SUPPLEMENTAL ANNUITY COLLECTIVE TRUST
FINANCIAL STATEMENTS AND SCHEDULES (With Independent Auditor s Report Thereon) CliftonLarsonAllen LLP www.cliftonlarsonallen.com Independent Auditor's Report The Council Supplemental Annuity Collective
AN ADVISER S GUIDE TO PENSIONS UPDATED FOR FINANCE ACT 2016
PENSIONS INVESTMENTS LIFE INSURANCE AN ADVISER S GUIDE TO PENSIONS UPDATED FOR FINANCE ACT 2016 This is a technical guide for financial advisers only and is not intended as an advertisement. AN ADVISER
STM FIDECS GROUP PENSION SCHEME MEMBER BOOKLET OCTOBER 2018 FIDECS
STM FIDECS GROUP PENSION SCHEME OCTOBER 2018 FIDECS CONTENTS Introduction 2 Address for Enquiries 2 About the Scheme 3 Summary of Benefits 3 Membership 4 Scheme Charges 4 Contributions 5 Transfers of Other
The Local Government Pension Scheme (England and Wales) Use of accumulated AVCs to provide additional pension under the Scheme
Unclassified The Local Government Pension Scheme (England and Wales) Use of accumulated AVCs to provide additional pension under the Scheme Date: 28 March 2014 Authors: Ian Boonin FIA Michael Scanlon FIA
Employers Guide to Operating the Pension Scheme
Employers Guide to Operating the Pension Scheme PLUMBING & MECHANICAL SERVICES (UK) INDUSTRY PENSION SCHEME GUIDE TO OPERATING THE PENSION SCHEME Contents Page 1. Accounting for Pension Scheme 1 2. Additional
Frequently Asked Questions: QUALIFIED RETIREMENT PLAN DISTRIBUTIONS
Frequently Asked Questions: QUALIFIED RETIREMENT PLAN DISTRIBUTIONS These frequently asked questions and answers are provided for general information purposes only and should not be cited as any type of
BBC Pension Scheme STATEMENT OF FUNDING PRINCIPLES
BBC Pension Scheme STATEMENT OF FUNDING PRINCIPLES funding Introduction This statement has been prepared by the directors of BBC Pension Trust Ltd (the Trustees), having been advised by the Actuary. It
Integra Wealth, Tax & Accounting. Your Guide to Buying Property with your SMSF Money
Integra Wealth, Tax & Accounting Your Guide to Buying Property with your SMSF Money Contents Page What is a SMSF... Page 3 How is a SMSF set up... Page 4 What does a SMSF look like... Page 6 Who should
INVESTIGATIONS OF THE FINANCIAL CONDITION OF DEFINED BENEFIT SUPERANNUATION FUNDS
PROFESSIONAL STANDARD 400 INVESTIGATIONS OF THE FINANCIAL CONDITION OF DEFINED BENEFIT SUPERANNUATION FUNDS INDEX 1 INTRODUCTION 3 1.1 Application 3 1.2 Classification 3 1.3 Background 3 1.4 Purpose 4
CITY OF WINTER GARDEN PENSION PLAN FOR FIREFIGHTERS AND POLICE OFFICERS SECTION , FLORIDA STATUTES COMPLIANCE
CITY OF WINTER GARDEN PENSION PLAN FOR FIREFIGHTERS AND POLICE OFFICERS SECTION 112.664, FLORIDA STATUTES COMPLIANCE With respect to the reporting standards for defined benefit retirement plans or systems
VMware International Ltd. Retirement & Death Benefits Plan
VMware International Ltd. Retirement & Death Benefits Plan Explanatory Booklet Contents Benefits Summary 1 General Information 4 Key Terms 5 Joining the Plan 6 Plan Contributions/Costs 7 Retirement Benefits
Enclosure 1: AvestaPolarit Pension Scheme (the "Scheme ) Proposed Pension Changes Fact Sheet
Enclosure 1: AvestaPolarit Pension Scheme (the "Scheme ) Proposed Pension Changes Fact Sheet Introduction As explained in the attached letter, the Company is proposing to make the following changes to
What is an ARF? What is the difference between an ARF and an annuity? How safe are my assets?
Retirement planning doesn t end when you retire. You no longer have to hand over your retirement fund to an insurance company in return for a guaranteed income. The introduction of Approved Retirement
AMP Superannuation Savings Trust
AMP Superannuation Savings Trust AMP Superannuation Limited (Trustee) AMP Life Limited (Company) Consolidated Trust Deed as at 20 December 2017 Incorporating amendments made on: Undated 3 July 2015 10
Canada Life Group Life Assurance
Canada Life Group Insurance February 2016 A comparison between registered group life schemes, excepted group life policies and relevant individual life policies This bulletin sets out to provide a comparison
AN ADVISER S GUIDE TO PENSIONS 2018 UPDATED FOR FINANCE ACT 2017
PENSIONS INVESTMENTS LIFE INSURANCE AN ADVISER S GUIDE TO PENSIONS 2018 UPDATED FOR FINANCE ACT 2017 This is a technical guide for financial brokers or advisers only and is not intended as an advertisement.
Heritage Bank Limited Superannuation Plan
Consulting (Australia) Pty Ltd ABN 55 153 168 140 AFS Licence # 411770 33 Exhibition Street Melbourne Vic 3000 GPO Box 9946 Melbourne Vic 3001 61 3 9623 5047 Fax 61 3 8640 0800 julie.a.cook@mercer.com
A GUIDE TO RETIREMENT ANNUITY TRUST SCHEMES ( RATS ) IN GUERNSEY
A GUIDE TO RETIREMENT ANNUITY TRUST SCHEMES ( RATS ) IN GUERNSEY TABLE OF CONTENTS INTRODUCTION... 3 WHAT IS A RETIREMENT ANNUITY TRUST SCHEME?... 3 THE TRUSTEES... 4 APPROVAL... 4 CONTRIBUTIONS BY MEMBERS...
The Co-operative Pension Scheme ( Pace )
The Co-operative Pension Scheme ( Pace ) Statement of Investment Principles August 2013 1. Introduction Pace Trustees Limited ( the Trustee ) has drawn up this Statement of Investment Principles ( the
SCHEDULE 1 EARLIER SCHEME DOCUMENTS
SCHEDULE 1 EARLIER SCHEME DOCUMENTS Date Document 29 March 1974 Interim Trust Deed 30 August 1974 Deed of Variation 31 August 1977 Resolution of Individual Trustees 4 May 1979 Deed of Variation 25 April
DETERMINE PENSION SCHEME DEATH BENEFITS
This unit involves: Manually calculating and quoting death benefits for members of three different pension schemes: OPQ Scheme money purchase, option to contract out RST Scheme career average revalued
A GUIDE FOR MEMBERS contributing 6.5% to the First Active Pension Scheme. First Active Pension Scheme
A GUIDE FOR MEMBERS contributing 6.5% to the First Active Pension Scheme First Active Pension Scheme 1 2 A GUIDE TO YOUR PENSION SCHEME Your pension scheme is one of the most important and valuable benefits
FINANCIAL REPORTING BY SUPERANNUATION SCHEMES
Institute of Chartered Accountants of New Zealand FINANCIAL REPORTING BY SUPERANNUATION SCHEMES FINANCIAL REPORTING NO. 32 1998 Issued by the Financial Reporting Standards Board of the Institute of Chartered
Munich Holdings of Australasia Pty Limited Superannuation Scheme. Annual actuarial review as at 31 December 2017
www.pwc.com.au Munich Holdings of Australasia Pty Limited Superannuation Scheme Annual actuarial review as at 31 December 2017 PricewaterhouseCoopers Securities Ltd ACN 003 311 617 ABN 54 003 311 617 Holder
The housing sector scheme of choice. Social Housing Pension Scheme House Policies and Rules Employer Guide. April 2018
The housing sector scheme of choice Social Housing Pension Scheme House Policies and Rules Employer Guide April 2018 Contents Introduction Background Employer responsibilities House policies and rules
Sample note for the year ended 30 June 2014
Sample note for the year ended 30 June 2014 To be inserted in Note 1 Statement of accounting policies under the sub-note Employee Benefits Superannuation The amount charged to the Comprehensive Operating
NATIONAL PENSION SCHEME (OCCUPATIONAL PENSIONS) ACT 1998 BERMUDA 1998 : 36 NATIONAL PENSION SCHEME (OCCUPATIONAL PENSIONS) ACT 1998
BERMUDA 1998 : 36 NATIONAL PENSION SCHEME (OCCUPATIONAL PENSIONS) [Date of Assent 17 July 1998] [Operative Date 17 May 1999 Sections 2, 54 64, 69 & Second Schedule; 1 January 2000 Remainder Sections] ARRANGEMENT
Actuarial Review of The Quadrant Superannuation Scheme Defined Benefit Funds
of The Quadrant Superannuation Scheme Defined Benefit Funds Sydney Melbourne Level 1 Level 20 2 Martin Place 303 Collins Street Sydney NSW 2000 Melbourne VIC 3000 T +61 2 9293 3700 T +61 3 8621 4100 ABN
Introducing the 2016 Summary Funding Statement to all defined benefit (DB) members and beneficiaries of the Capgemini UK Pension Plan ( the Plan )
Introducing the 2016 Summary Funding Statement to all defined benefit (DB) members and beneficiaries of the Capgemini UK Pension Plan ( the Plan ) As the Trustees of the Plan, we are required to send you
Statement of Investment Principles University of Oxford Staff Pension Scheme (Defined Benefit)
Statement of Investment Principles University of Oxford Staff Pension Scheme (Defined Benefit) Introduction This Statement of Investment Principles (SIP) has been prepared by the Trustee of the University
elements tax exempt retirement plan
elements tax exempt retirement plan Member Guide for International Members elements tax exempt retirement plan this guide describes the features of the elements tax exempt retirement plan 1. The Plan:
John Wiley & Sons Australia Superannuation Fund
Consulting (Australia) Pty Ltd ABN 55 153 168 140 AFS Licence # 411770 33 Exhibition Street Melbourne Vic 3000 GPO Box 9946 Melbourne Vic 3001 61 3 9623 5047 Fax 61 3 8640 0800 julie.a.cook@mercer.com
Consolidated Trust Deed Incorporating: UNISUPER
Consolidated Trust Deed As at 25 November 2017 Incorporating: Deed of Amendment No.41 (amendments to clauses 26A, 32.9 and 33.2 footnoted only due to delayed commencement) Deed of Amendment No.42 Deed
Brand New Superannuation Fund
Superannuation Trust Deed for a Self- Managed Fund for Brand New Superannuation Fund CLEARDOCS PTY 1 Albert St Hawthorn VIC 3000 Tel: 03 98869123 Fax: 03 98869123 it@cleardocs.com http://www.cleardocs.com
AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY SUPERANNUATION CIRCULAR NO. III.A.4 THE SOLE PURPOSE TEST
AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY SUPERANNUATION CIRCULAR NO. THE SOLE PURPOSE TEST FEBRUARY 2001 DISCLAIMER AND COPYRIGHT NOTICE 1. The purpose of this Circular is to provide general guidance
THE COCA-COLA COMPANY AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 5: STOCK COMPENSATION PLANS (Continued) Of the outstanding granted performance share unit awards as of December 3, 2006, 590,964; 787,576; and 820,700 awards are for the 2004-2006, 2005-2007 and 2006-2008
The University of Warwick Pension Scheme Defined Benefit Section. Explanatory Booklet
The University of Warwick Pension Scheme Defined Benefit Section Explanatory Booklet The University of Warwick Pension Scheme Defined Benefit Section - Explanatory Booklet Contents Page Explanation of
GOGEBIC COUNTY EMPLOYEES RETIREMENT SYSTEM ACTUARIAL FUNDING POLICY
GOGEBIC COUNTY EMPLOYEES RETIREMENT SYSTEM ACTUARIAL FUNDING POLICY WHEREAS, the Gogebic County Employees Retirement System ( Retirement System ) is established and administered pursuant to the County
Xerox Final Salary Pension Scheme
Xerox Final Salary Pension Scheme Actuarial report as at 31 March 2017 4 January 2018 willistowerswatson.com Summary The main results of this actuarial report and those from the latest actuarial valuation
THE ITC PRSA BROCHURE
www.independent-trustee.com THE ITC PRSA BROCHURE The ITC PRSA (Personal Retirement Savings Account) is a flexible, cost effective pension plan brought to you by Independent Trustee Company Limited (ITC).
BC SIPP PFS MEMBER GUIDE GLOBAL RETIREMENT SOLUTIONS, INNOVATIVE THINKING
BC SIPP PFS GLOBAL RETIREMENT SOLUTIONS, INNOVATIVE THINKING MEMBER GUIDE WHAT IS BC SIPP? BC SIPP IS A PENSION SCHEME ESTABLISHED UNDER TRUST IN THE ISLE OF MAN. There are two separate sections within
TABLE OF CONTENTS. I. Participation in the Plan 3. II. Contributions to the Plan 4. III. Distributions Claims for Benefits 8
des moines teachers retirement system plan Summary plan description TABLE OF CONTENTS Introduction 2 I. Participation in the Plan 3 II. Contributions to the Plan 4 III. Distributions Claims for Benefits
SmithKline Beecham Senior Executive Pension Plan ( the Plan ) Statement of Investment Principles
SmithKline Beecham Senior Executive Pension Plan ( the Plan ) Statement of Investment Principles This Statement of Investment Principles (SIP) covers the is set out in four parts: 1) Governance arrangements
Pension Administration Strategy 2012 Page 1 of 12. Highland Council Pension Administration Strategy
Pension Administration Strategy 2012 Page 1 of 12 Highland Council Pension Administration Strategy July 2012 Pension Administration Strategy 2012 Page 2 of 12 Pension Administration Strategy 1 Introduction
Self Managed Superannuation Funds
Reference Guide 22 September 2014 Self Managed Superannuation Funds This document is an information reference to be used in conjunction with your Statement of Advice, Product Disclosure Statement(s) (PDS)
Please direct any questions about the notice to me at or
April 2018 To: Re: Participants in the Appvion, Inc. Retirement Plan (pension) Annual Funding Notice Appvion is pleased to provide to you, as a participant or beneficiary of our pension plan, the enclosed
Transfer Payments Chapter 13
Transfer Payments Chapter 13 This document was last reviewed September 2017 Table of Contents Overseas Schemes...2 Buy-Out Bonds...3 New Employer...3 Company Re-organisations...4 Additional Benefits...4
#14 Administrator of the Traditional Defined Benefit Pension Plan Washington, DC 23 Certification of Adjusted Funding Target Attainment Percentage (AFTAP) for the 215 Plan Year The Pension Protection Act
Newspaper Guild of New York The New York Times
Newspaper Guild of New York The New York Times Benefits Fund Pension Plan Scholarship Fund SUPPLEMENT TO ANNUAL FUNDING NOTICE OF NEWSPAPER GUILD OF NEW YORK-THE NEW YORK TIMES PENSION PLAN (Plan) FOR
This document is current as at 24 November 2017
Governance Framework Document Name Governance Framework Version 1 Approval State Approved by the Board on 24 November 2017 Replaces Version Author/s New Document Tahlia Parrish This document is current
ACCOUNTING POLICY. Version 1.0 8th July 2016
ACCOUNTING POLICY Version 1.0 8th July 2016 Version 1 July 2016 Policy Approval Accounting Policy St Alban Catholic Academies Trust APPROVED BY THE DIRECTORS ON SIGNED BY CHAIR OF DIRECTORS DATE PRESENTED
The Water and Power Employees Retirement Plan of the City of Los Angeles
The Water and Power Employees Retirement Plan of the City of Los Angeles Governmental Accounting Standards (GAS) 74 Actuarial Valuation for the Death Benefit Fund as of June 30, 2017 Family Death Benefit
Local Government Pension Scheme. Regulation 66(8) Adjustment of Transfer Credits granted from accumulated AVCs
Local Gnment Pension Scheme Regulation 66(8) Adjustment of Transfer Credits granted from AVCs Date: 20 December 2006 Author: Gnment Actuary s Department 1 Purpose 1.1 Regulation 66(8) provides for members
GROUP ANNUITY CONTRACT
. Home Office: Administrative Office: 2000 Heritage Way 5910 Mineral Point Road Waverly, IA 50677 Madison, WI 53705 Phone: 1.800.798.6600 Phone: 1.800.999.8786 GROUP ANNUITY CONTRACT This Group Annuity
1 AASB 1056 Superannuation Entities AASB 1056 SUPERANNUATION ENTITIES FACT SHEET
1 AASB 1056 Superannuation Entities AASB 1056 SUPERANNUATION ENTITIES FACT SHEET 2 AASB 1056 Superannuation Entities This fact sheet is based on existing requirements as at 31 December 2015 and it does
ANNUAL FUNDING NOTICE Cover Letter for Participants of the Howard University Employees Retirement Plan
10/28/2011 ANNUAL FUNDING NOTICE Cover Letter for Participants of the Howard University Employees Retirement Plan Dear Plan Participant: Sponsors of qualified pension plans, such as the Howard University
The trustee of the Fund (who is issuing this PDS and your interest in the Fund) is «TPFullNames». The contact details for the Trustee are:
1. TRUSTEE AND TRUST DEED You have become a Member of «FundName» which is governed by a Trust Deed, which is available for inspection at any time from the address of the Trustee (listed below). The Fund
Deficit-Reduction Contributions Appendix
Deficit-Reduction Contributions Appendix Summary This is the Deficit-Reduction Contributions Appendix to the Board s Determination under section 175(5) of the Pensions Act 2004 in respect of the 2018/19
NEW JERSEY STATE EMPLOYEES DEFERRED COMPENSATION PLAN. Financial Statements. June 30, 2017 and (With Independent Auditors Report Thereon)
Financial Statements (With Independent Auditors Report Thereon) Financial Statements Table of Contents Independent Auditors Report 1 Basic Financial Statements: Statements of Fiduciary Net Position 3 Statements
Information Table. With Adjusted Interest Rates. Funding Shortfall $0 $3,941,367 $252,314 $3,842,556 $0 $1,845,941
Supplement to Annual Funding Notice of the Campbell Clinic, P.C. Cash Balance Pension Plan ("Plan") for the Plan Year Beginning January 1 and Ending December 31, 2017 ("Plan Year") This is a temporary
The Pensions Trust. Rules effective from 1 November Linklaters LLP One Silk Street London EC2Y 8HQ
The Pensions Trust Rules effective from 1 November 2014 Linklaters LLP One Silk Street London EC2Y 8HQ Telephone (+44) 20 7456 2000 Facsimile (+44) 20 7456 2222 Ref RK/CHT/EB Table of Contents Rule Page
Xerox Final Salary Pension Scheme
Xerox Final Salary Pension Scheme Actuarial report as at 31 March 2018 24 October 2018 willistowerswatson.com Summary The main results of this actuarial report and those from the latest actuarial valuation
AvestaPolarit Pension Scheme Defined Benefit/Final Salary Section
AvestaPolarit Pension Scheme Defined Benefit/Final Salary Section Members' handbook Members in employment with Outokumpu Stainless Limited on 31 March 2003 1 Contents Section 1: Section 2: Section 3: Section
THE VAUXHALL & ASSOCIATED COMPANIES PENSION FUND
Registration Number 10000406 THE VAUXHALL & ASSOCIATED COMPANIES PENSION FUND Report and Accounts For the Year Ended 31 December 2007 C O N T E N T S Trustee and Advisers 1 Report of the Trustee 2-6 Investment
October 7, The Board of Trustees City of Pontiac General Employees Retirement System Pontiac, Michigan
October 7, 2011 The Board of Trustees Retirement System Pontiac, Michigan Dear Board Members: The purpose of the annual actuarial valuation of the City of Pontiac General Employees Retirement System, as
POLITICAL OFFICE-BEARERS PENSION FUND (P.F ) CONSOLIDATED RULES
POLITICAL OFFICE-BEARERS PENSION FUND (P.F. 35658) CONSOLIDATED RULES Note: this consolidated set of Rules has been prepared to assist Fund members, but has not yet been registered by the Registrar of
Deficit-Reduction Contributions Appendix
Deficit-Reduction Contributions Appendix Summary This is the Deficit-Reduction Contributions Appendix to the Board s Determination under section 175(5) of the Pensions Act 2004 in respect of the 2018/19
Notes to the 2015 financial statements
Notes to the financial statements continued In addition to the equity-settled awards shown above, there were 26,576 Rio Tinto plc and 7,684 Rio Tinto Limited cash-settled awards outstanding at 31 December
The Board of the Pension Protection Fund (the PPF )
The Board of the Pension Protection Fund (the PPF ) PPF Deficit-Reduction Contributions Guidance in respect of the financial year 1 April 2018 31 March 2019 Introduction The Deficit-Reduction Contributions
BBC Pension Scheme STATEMENT OF FUNDING PRINCIPLES
BBC Pension Scheme STATEMENT OF FUNDING PRINCIPLES funding principles. Introduction Statement of Funding Principles for the BBC Pension Scheme This statement has been prepared by the Trustees of the BBC
Interpretive Guideline #11 Issued: November 2015 Cessation of Benefit Accrual
Interpretive Guideline #11 Issued: November 2015 Cessation of Benefit Accrual This guideline is designed to outline the process and requirements for the cessation of benefit accrual as required by the
PENSIONS POLICY INSTITUTE
The Pensions Primer: A guide to the UK pensions system Third-Tier Provision Updated as at July 2013 The Pensions Primer: a guide to the UK pensions system Overview of private pension provision 1 Employer-sponsored
ABC School District Notes to the Financial Statements For the Year Ended June 30, 2017 (Dollar amounts in thousands)
Illustration Note Disclosures and Required Supplementary Information for an employer in TRS with support personnel in which contributions are funded by the Georgia Department of Education [Note: This illustration