beneficiaries

beneficiaries
It is generally considered appropriate to establish an occupational pension scheme by way of a trust in order to separate the scheme assets (contributions) from those of the employer (company) and to ensure that the company does not become liable for the scheme. The trust will be established by way of a trust deed, and the assets will be the responsibility of the trustees (either individuals or a corporate trustee) who must act in the best interests of the beneficiaries i.e. the scheme members and pensioners.

Easyform Glossary of Law Terms. — UK law terms.

Look at other dictionaries:

  • Beneficiaries — Beneficiary Ben e*fi ci*a*ry, n.; pl. {Beneficiaries}. 1. A feudatory or vassal; hence, one who holds a benefice and uses its proceeds. Ayliffe. [1913 Webster] 2. One who receives anything as a gift; one who receives a benefit or advantage; esp.… …   The Collaborative International Dictionary of English

  • beneficiaries — ben·e fi·ci·ar·y || ‚benɪfɪʃərɪ n. one who benefits from something …   English contemporary dictionary

  • preferred beneficiaries — Beneficiaries under wrongful death statutes classified according to natural dependency on the deceased. 22 Am J2d Dth § 48 …   Ballentine's law dictionary

  • Tax Parity for Health Plan Beneficiaries Act — The Tax Parity for Health Plan Beneficiaries Act (S. 1171 and H.R. 2088) is a bill in the 112th Congress that would equalize tax treatment for employer provided health coverage for domestic partners and other non spouse, non dependent… …   Wikipedia

  • Tax Equity for Domestic Partner and Health Plan Beneficiaries Act — The Tax Equity for Domestic Partner and Health Plan Beneficiaries Act (or Tax Equity for Health Plan Beneficiaries Act of 2007) (USBill|110|S.|1556 and USBill|110|H.R.|1820) is a bill introduced in the U.S. Senate on June 6, 2007. Sponsored by… …   Wikipedia

  • reciprocal beneficiaries — Any two people who register under Hawaii s reciprocal beneficiary laws. Reciprocal beneficiaries have hospital visitation rights, the right to inherit from each other in the absence of a will, and certain other limited rights under Hawaii state… …   Law dictionary

  • Multi beneficiaries payment order —   An outgoing payment order containing 2 or more transfers …   International financial encyclopaedia

  • unborn beneficiaries — Those persons named in a general way as sharing in an estate or gift though not yet born. Commonly, a court appoints a guardian ad litem to protect and to represent their interests …   Black's law dictionary

  • contribution between beneficiaries — The right of a devisee or legatee, whose device or legacy has been impaired by the payment of debts of the testator, by the payment of charges imposed against the devise or legacy, or by the exercise of the election of the surviving spouse in… …   Ballentine's law dictionary

  • United States trust law — Introduction Most law regulating the creation and administration of trusts in the United States is now statutory at the state level. In August 2004, the National Conference of Commissioners on Uniform State Laws created the first attempt to… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”