With respect to its liabilities on a quot plan termination quot basis, the Fund was in a strongly funded position if future adjustments of pensions were not taken into account.

Old age pension under the retirement, cessation of employment at an advanced age and old age scheme.

The pension liability includes a loading for the assumed estimated cost of the two track pension adjustment system.

Pension in respect of cessation of employment at an advanced age under the retirement, cessation of employment at an advanced age and old age scheme.

40. There are contributory and non contributory old age pension schemes.

Local government pension scheme and the widows pension scheme

Converting unfunded pension schemes to funded pension systems is one option available to Governments.

(vi) Movement away from a defined benefit pension plan to a defined contribution plan

The contingencies covered by this scheme are retirement, cessation of employment at an advanced age and old age and also the death of pensioners in the scheme.

(b) The amount to be apportioned according to the ratio of the liability of active participants in the terminating organization to that of the entire Fund shall be calculated as the market value of the assets of the Fund as at 31 December 1998, minus the pensioners liability calculated under subparagraph (a) above

The armed service pension scheme and widows and orphans pension scheme

Illustration of effect of the quot net quot interest rate for pensioners apos liability and of the market value of assets on the quot hypothetical quot amounts payable to the proposed WTO pension plan

3. The liabilities were calculated on a plan termination methodology.

The civil pensions scheme

Fisheries pension scheme

Total liabilities, reserves and fund balances

(1)the financial liabilities which are measured at their fair values and of which the variation is included in the current profits and losses, including transactional financial liabilities and the designated financial liabilities which are measured at their fair values and of which the variation is included in the current profits and losses and

(b) Comprehensive Medical Assistance Plan (PAMI) for geriatric institutes.

As the survivor's pension is calculated on the basis of the possible old age pension, the range of insured persons is analogous to the state pension insurance (see old age pensions).

The Pension Fund is a funded defined benefit plan.

Canada pension plan

Modifying the benefits of the scheme was a more attractive option than it entering the PPF, he added, where workers would have to accept reduced terms.

28. The Fund apos s Consulting Actuary prepared the table below which shows the estimated amounts payable to the proposed WTO pension plan under a range of assumptions as to (a) the quot net quot interest rate used to calculate the pensioners liabilities and (b) the market value of the assets, both determined as at 31 December 1998.

192. The amount of the disability pension is calculated similarly to the amount of the old age pension.

Only persons who are employees of the founders of pension funds may be participants of pension plans of the closed pension fund.

Article 9The financial assets or liabilities meeting any of the following requirements shall be classified as transactional financial assets or financial liabilities

The Pension Fund is a funded, defined, benefit plan.

The widows and orphans pension scheme

21. The pre pension benefit is payable from the Labour Fund and the period in which it is received is considered as contributory for purposes of calculating the old age pension.

Their amount is fixed proportionally to the allowances which the deceased would have received (i.e. the old age or disability pension).

There is also a more fundamental reason to focus on future variations in the stock of pension debt associated with pension reforms the EU has no business interfering with pension liabilities of individual member states. Why should the rest of Europe care if, say, Spain preserves a generous pension system?

(a) Determination of the quot net quot interest (discount) rate for calculating the pensioners liability as of the date of termination

151. The pensions scheme is revised from time to time.

The Big Three and their auto finance associates (such as GMAC) are huge debtors whose liabilities are held throughout the financial system. If they go bankrupt, the insurance industry, which is likely a large holder of these debts, would quickly enter a spiral of collapse.

Adjustments to the proposed pension plan to achieve cost neutrality

UNDP is providing advice on the pension scheme.

(ii) UNJSPF provided unreduced benefits at age 62, while many comparator plans and the Quebec Pension Plan provided the same only at age 65

(13) As regards tradable financial liabilities, it is required to separately list the beginning of period and end of period fair value of offered tradable bonds, financial liabilities which are specified to be measured on fair value and whose fluctuations are included in the current profits and losses, derivative financial liabilities and other tradable financial liabilities.

Evolution of the actuarial deficit (surplus) of the Fund since 1976 expressed as a percentage of pensionable remuneration, in United States dollars, and as a percentage of projected liabilities

In view of the socio economic conditions and the demographic situation in the country the pension system is established as a three tier system the first tier the compulsory generation solidarity State pension scheme, the second tier the compulsory funded State pension scheme the third tier the voluntary private pension scheme.

Teachers, widows and orphans pension scheme

Speaking at the sidelines of Tata Steel's annual meeting in India, Chatterjee said talks to restructure the pension scheme were progressing, but he insisted the scheme is well funded.

19. Article 16 (c) of the Regulations states that quot t he amount of the proportionate share shall be determined by the Board after an actuarial valuation of the assets and liabilities of the Fund on the date of termination, provided that no part of the assets which are in excess of the liabilities shall be included in such share quot .

However, the deal is conditional on the British Steel Pension Scheme being restructured and the government providing financial support.

Article 27Where an enterprise (debtor) enters into an agreement with a creditor so as to substitute the existing financial liabilities by way of any new financial liability, and if the contractual stipulations regarding the new financial liability is substantially different from that regarding the existing financial liability, it shall terminate the recognition of the existing financial liability, and shall at the same time recognize the new financial liability.