Lump sum travel grant

Lump sum payments for occupational risks.

Organizations that do not have a significant volume of family visits find the lump sum option to be more costly

C. Interest rate applicable to lump sum commutations

8. Endorses the recommendation of the Board of Auditors on the lump sum option arrangements for home leave, education and family visit travel

The lump sum approach is more costly in practice

Many people are uneasy about offering lump sum cash payments.

a Includes a lump sum provision for special political missions.

2. Placed ceiling on the maximum amount of lump sum commutations.

They also noted that many participants had to elect the lump sum commutation option in order to meet the costs they would incur in relocating upon retirement.

a A one month lump sum is 30 days salary plus post adjustment.

Smaller organizations of the system, however, have indicated that the use of the lump sum option may entail some difficulties on account of one or more of the following factors

New lump sum mechanisms are ready for implementation consultations on this matter are ongoing.

2. Raised interest rate for lump sum commutation from 4 to 4.5 per cent.

(b) New Unisex mortality table for determining lump sum commutation (paras. 59 to 72)

The review of experience with the lump sum option is expected to be completed by mid November 1994, and the related administrative circulars are to be issued by mid December 1994.

The Board noted that no such review was conducted in view of the limited data available on the operational and financial benefits of the lump sum option at all covered locations.

In principle, low income individuals and families could be compensated through lump sum transfer programs.

The grant is given in lump sum form, at the beginning of every school year.

(d) Payments would be made in a lump sum at the beginning of the assignment

In the matching category A claims, the relevant claimants had selected higher lump sum amounts.

The use of negotiated fares results in more cost savings than the lump sum approach

1. Raised the interest rate for lump sum commutations from 4.5 to 6.5 per cent.

In the course of the year, 4,186 lump sum withdrawal and other settlements were paid.

One time lump sum state social benefits are as follows the childbirth benefit, the funeral allowance.

The lump sum system of payment under the legal aid programme has been evaluated by both tribunals.

However, a lump sum payment of 65,200 was received this year, reducing the outstanding amount to 1,807.

The childbirth benefit (a one time lump sum benefit) is granted to one of the child's parents.

In the context of categories of expenditure, this allocation is treated as a lump sum reimbursement line.

For children studying outside the staff member's home country, the cost of the lump sum education grant travel must not exceed the costs of such lump sum travel to or from the nearest airport to the established place of home leave.

The Panel notes that the category A claim form included an option for a claimant to select higher lump sum amounts provided that he or she agreed not to submit claims in any other claims category.

He would appreciate clarification of United States opposition to the adoption of a maintenance or lump sum budget.

In the course of the year ending 31 December 2004, 6,316 lump sum withdrawals and other settlements were paid.

As noted above, the use of the lump sum grant was intended to simplify and streamline the budgetary process.

The distribution of this allowance is carried out at the provincial level and the majority receive a lump sum.

Since the Second World War alone the United States has negotiated 10 lump sum agreements in settlement of claims arising from the widespread nationalization of United States owned property (see, for example, Lillich and Weston, International Claims Their Settlement By Lump Sum Agreements (1975)).

In response, the Board was informed that arrangements were being made for such a review and that a review of the various procedures currently in use would be included in the overall review of the lump sum option.

The lump sum system is expected to reduce costs and introduce a strict monitoring of payments to defence team members.

The number of lump sum withdrawals and other one time payments had increased to more than 3,600 for the year.

The JIU report compares various elements of travel, including categories, class and means of travel, stopovers, subsistence allowances, terminal expenses and lump sum option, identifies best practices and proposes actions to introduce them and harmonize travel policies throughout the system.

This lump sum will be paid to the beneficiaries of the worker if he dies without having entitlement to the pensions mentioned.

In addition, emphasis is placed on linking the cost with various deliverables specifically related to professional services instead of a lump sum price.

From a theoretical standpoint, the payment of a non pensionable, lump sum bonus was the approach favoured by the majority of Commission members.

The 6 per cent interest rate for lump sum commutations was adopted by those plans as a compromise, intended to be neither so high as to discourage participants from availing themselves of the commutation option, nor so low as to cause an actuarial loss.

The Tribunal is holding discussions with the International Tribunal for the Former Yugoslavia prior to taking a final decision regarding the lump sum system.