Pension - Law Dictionary Search Results
Home Dictionary Name: pension Page 1 of about 106 results (0.002 seconds)Pension
Pension, an annual allowance made to any one, usually in consideration of past services.By the (English) Succession to the Crown Act, 1707, (6 Anne, c. 7) (c. 41 in the Revised Statutes), and 1 Geo. 1, st. 2, c. 56, no person having a pension under the Crown during pleasure, or for any term of years, is capable of being elected or sitting in the House of Commons.Old Age Pension.--The (English) Old Age Pensions Act, 1908, which was not on a contributory basis, gave to every person the right to a pension who fulfilled certain conditions. The Act, with the amending (English) Old Age Pensions Acts, 1911, 1919 and 1924, has been repealed by the (English) Consolidating Old Age Pensions Act, 1936 (26 Geo. 5 and 1 Edw. 8, c. 31). These conditions are contained in s. 2 of the Act of 1936, as follows:-2. The statutory conditions for the receipt of an old age pension by any person are--(1)The person must have attained the age of seventy, or in the case of a blind person, the age of fifty.(2)The p...
Pensions, Ministry of
Pensions, Ministry of. Established by the (English) Ministry of Pensions Act, 1916, to take over the powers and duties of (a) the Admiralty with respect to the pensions and grants to persons who have served in H.M. naval forces and their dependants, other than service pensions, so far as the pensions and grants are payable out of moneys provided by Parliament and not provided exclusively for Greenwich Hospital; (b) the Commissioners for the Royal Hospital for Soldiers at Chelsea with respect to the grant and administration of disability pensions and grants other than in-pensions; (c) the Army Council and the Secretary of State for War with respect to the pensions and grants to persons who have served in any of H.M. military forces and their dependants, and to persons who have served in the nursing service of these forces, other than service pensions. The Minister may sit in the House of Commons. See also Chitty's Statutes, tit. 'Pension.'...
Money due or to become due on account of pension
Money due or to become due on account of pension, The words money due or to become due on account of pension' occurring in s. 11 of the Pensions Act, 1871 includes the commuted portion of the pension payable to an employee after his retirement, Union of India v. Wing Commander R.R. Hingorani (Retd), AIR 1987 SC 808 (814): (1987) 1 SCC 551. [Pensions Act, (23 of 1891), s. 11]...
simplified employee pension
simplified employee pension : a pension that is funded by employer contributions or through a salary reduction arrangement and that places fewer administrative burdens on the employer than do other plans and allows employer deduction of contributions and employee withdrawal at any time called also SEP ...
Gratuity and pension
Gratuity and pension, Gratuity is a lump sum payment while pension is a periodic payment of a stated sum. They are both 'efficiency devices' and are considered necessary for an 'orderly and humane elimination' from industry of superannuated or disabled employees who but for such retiring benefits would continue in employment even though they function inefficiently, Burhanpur Tapti Mills Ltd. v. Durharpar Tapti Mills, AIR 1965 SC 839 (841)....
Occupation pension scheme
Occupation pension scheme, means any scheme or arrangement which is comprised in one or more instruments or agreements and which has, or is capable of having effect in relation to one or more descriptions or categories of employments so as to provide benefits, in the form of pensions or otherwise, payable or termination of service or on death or retirement, to or in respect of earners with qualifying service in an employment of any such description or category, Bus Employees Pension Trustees Ltd. v. Hamod, (1999) 3 WLR 1244....
Occupational pension scheme
Occupational pension scheme, means any scheme or arrangement which is comprised in one or more instruments or agreements and which has, or is capable of having, effect in relation to one or more descriptions or categories of employments so as to provide benefits, in the form of pensions or otherwise, payable on termination of service, or on death or retirement, to or in respect of earners with qualifying services in an employment of any such description or category. [Pension Scheme Act, 1993 (C. 48), s. 1]...
Old age pension
Old age pension. See PENSION....
Pension of Churches
Pension of Churches, certain sums of money paid to clergymen in lieu of tithes. A spiritual person may sue in the spiritual Court for a pension originally granted and confirmed by the ordinary; but where it is granted by a temporal person to a clerk, he cannot; as if one grant an annuity to a parson he must sue for it in the temporal Courts, Cro. Eliz. 675. See previous title....
Pension of the Inns of Court
Pension of the Inns of Court, an annual payment formerly made by each member to the Houses. Also, that which in the two Temples is called a Parliament, and in Lincoln's Inn a council, is, in Gray's Inn, termed a pension, being an assembly of the benchers to consult upon the affairs of the society. See INNS OF COURT....
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