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

The Committee welcomes the establishment of a new social security system based on contributions from employers and employees and of a new pension system in which employers and employees contribute to a communal pension fund and to individual pension accounts.

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

This differs fundamentally from Singapore s scheme, since employers are not required to do so, and, while enrolled employees paychecks are deducted without their consent, they can drop out of the plan at their own request. New Zealand s recent KiwiSaver plan and the United Kingdom s Pensions Act of 2007 are similarly based on automatic enrollment for employees with free opt out provisions.

The CPP regulations were amended in 1988 to allow the exempted employees to make contributions.

Amendment no. 24 anchors the employer's duty to continue allotment of employees' pension, pension fund or directors insurance and savings plan during a pregnancy observation period, provided the employee maintains allotment of her share.

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.

Nevertheless, according to Brigitte Madrian of Harvard University, automatic enrollment in savings plans is critically important, even if the employee is completely free to drop out. If employers tell their new employees that a pension saving plan is available, and even promise to match employees contributions, a significant fraction of employees still will not participate.

Pension, gratuity and social security arrangements are based on deductions from the employees' salary and contributions by employers.

The Commission considered that it would not be appropriate to select one group of employers for the determination of salary levels and another group for pension plan comparisons.

Local government pension scheme and the widows pension scheme

The Chinese government recently modified the tax law to exclude employers contributions to employee pension plans from taxable income and to allow the funds in those plans to accumulate tax free. This tax favored employee saving plan is a good substitute for more comprehensive social security pensions, but it has had the undesirable effect of increasing household saving, rather than increasing consumer spending.

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

The armed service pension scheme and widows and orphans pension scheme

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.

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

The civil pensions scheme

Fisheries pension scheme

Canada pension plan

The staff member is expected to contribute to the United Nations Joint Staff Pension Fund or any other pension scheme in accordance with the staff regulations and rules of the organization and the relevant rules of the fund or scheme.

The staff member is expected to contribute to the United Nations Joint Staff Pension Fund or any other pension scheme in accordance with the staff regulations and rules of the organization and the relevant rules of the fund or scheme.

Two subcommittees have also been created to secure funding for pension and redundancy schemes.

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

The Pension Fund is a funded defined benefit plan.

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).

(f) The assumption that local employer schemes provided for unreduced pension benefits only at age 65.

The widows and orphans pension scheme

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.

173. The Employment Provident Fund (EPF) provides superannuation benefits through the machinery of a contributory scheme to both employees and employers in all forms of employment with one or more employee except those listed below

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

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

In accordance with the law, the resources of the pension and invalid insurance are provided by the insured parties, employers, and the state.

It changes in accordance with the development of the gross earnings of all insured persons covered by the Wage Earners apos and Salaried Employees apos Pension Scheme.

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

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

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.

Depending on the type and length of appointment, the staff member may contribute to the United Nations Joint Staff Pension Fund or any other pension scheme in accordance with the staff regulations and rules of the organization and the relevant rules of the fund or 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

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

76. The Board noted that contributions made by organizations of the United Nations common system and local employers to the pension and other social benefits schemes for their employees differ quite significantly at most of the headquarters duty stations.

UNDP is providing advice on the pension scheme.

The same applies to the widows and orphans pension scheme, the terms of which are very similar to those of the civil widows and orphans pension scheme.

Its terms are identical to those of the civil pensions scheme.