Breach of covenant and Contributions: Difference between pages

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imported>Doug Williamson
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imported>Doug Williamson
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Failure to comply with a covenant.
''Pensions.''
Payments made into an occupational pension scheme by the employer and/or the employee.  


In a loan agreement, a breach of covenant will almost always be an Event of default.  
Contributions are normally classifiable as ‘normal’, generally calculated as a percentage of pensionable salary, or, in the case of employer contributions, ‘deficit reduction’.  The former are designed to provide for the benefits accruing over the period concerned, the latter to reduce any deficit.




==See also==
== See also ==
* [[Breach of contract]]
* [[Additional voluntary contributions]]
* [[Covenant]]
* [[Adjusted contribution rate]]
* [[Cross acceleration]]
* [[Augmentation]]
* [[Cross default]]
* [[Contribution]]
* [[Event of default]]
* [[Contribution rate]]
* [[Financial covenant]]
* [[Salary sacrifice]]
* [[Loan agreement]]


[[Category:Compliance_and_audit]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]

Latest revision as of 22:36, 14 February 2019

Pensions.

Payments made into an occupational pension scheme by the employer and/or the employee.

Contributions are normally classifiable as ‘normal’, generally calculated as a percentage of pensionable salary, or, in the case of employer contributions, ‘deficit reduction’. The former are designed to provide for the benefits accruing over the period concerned, the latter to reduce any deficit.


See also