Betekenis van:
pension plan

Voorbeeldzinnen

1. However, waiving default clauses under existing facilities (as was confirmed by the Royal Mail half-year regulatory accounts [8], at note 3 on page 18 ‘Royal Mail Group plc has net liabilities as at 24 September 2006, primarily as a result of the pension deficit within its main pension plan, the Royal Mail Pension Plan.
2. The plan comprised a thorough financial restructuring covering debt re-negotiation with creditors and the taking over by the Icelandic State of the pension liabilities towards the State Pension Fund.
3. In that respect, the content of the latest BTPS recovery plan, agreed between BT and BTPS trustee in December 2005, was subject to the Pension Regulator’s scrutiny.
4. Sementsverksmiðjan hf. was not in the position to face competition and the economic weaknesses of the construction sector at the beginning of the 2000s. The plan comprised a thorough financial restructuring covering debt re-negotiation with creditors and the taking over by the Icelandic State of the pension liabilities towards the State Pension Fund.
5. The Pensions Act 2004 replaced the 1995 minimum funding requirement with a new scheme funding regime, which obliges pension funds’ trustees to agree with the sponsor company on a plan to restore any funding deficit.
6. The authorities of the United Kingdom formally confirmed that the Pension Regulator was satisfied that the Crown guarantee was not being used to extend the recovery period or affect any of the key assumptions in the actuarial valuation or recovery plan of BTPS.
7. Through the sale of bonds to the Unemployment Insurance Fund, to pension funds as agreed between the State Housing Agency and the funds, and by any other borrowing as may be decided in further detail in the investment and credit plan applicable at any time.’
8. In 2006, the UK authorities decided to release GBP 850 million of the cash balance remaining in the mails reserve within RM to set up an ‘escrow account’, which could be drawn on by the Royal Mail Pension Plan (‘RMPP’) in certain circumstances if RM were to fail as a business.
9. The UK authorities drew attention to statements by the pension fund regulator that recovery periods longer than 10 years would be subject to particular scrutiny, including whether trustees had made use of a ‘contingent asset’ (such as an escrow account) to reduce risks arising from the recovery plan.
10. Some of the strengths shown by the 2007 Portuguese Implementation Report are: the progress achieved in correcting fiscal imbalances and promoting sustainable reforms of the public administration, on pension and healthcare reform, progress on unlocking business potential and the implementation of the Technological Plan.
11. Concerning compliance with the minimum funding requirements introduced by the Pensions Act 2004, it follows from the information submitted by the authorities of the United Kingdom that BTPS does not fulfil one of the conditions for exemption, since it was not established by enactment. It follows that BTPS is subject to the minimum funding requirements laid down in the Pensions Act 2004 notwithstanding the existence of the benefit of the Crown guarantee. As a result, BT cannot avail itself from any exemption therein and must meet the requirements of that Act as long as they are in force. (64) In that respect, the content of the latest BTPS recovery plan, agreed between BT and BTPS trustee in December 2005, was subject to the Pension Regulator’s scrutiny.