(of pension scheme)
101Basic state pension — The Basic State Pension is one part of the United Kingdom s Government pension arrangement, alongside Graduated Retirement Benefit and State Earnings Related Pension Scheme scheme (now State Second Pension). General principles The aim of the… …
102contracted-out salary-related scheme — (COSR scheme) A salary related pension scheme (salary related scheme) that has contracted out of the state state second pension (S2P). To qualify as COSR scheme, the scheme must satisfy prescribed requirements, set out in the Pensi …
103contracted-out salary related scheme — (COSR scheme) A salary related pension scheme (salary related scheme) that has contracted out of the state state second pension (S2P). To qualify as COS …
104contracted out salary related scheme — (COSR scheme) A salary related pension scheme (salary related scheme) that has contracted out of the state state second pension (S2P). To qualify as COS …
105COSR scheme — contracted out salary related scheme (COSR scheme) A salary related pension scheme (salary related scheme) that has contracted out of the state state second pension (S2P). To qualify as COSR scheme, the scheme must satisfy prescribed requirements …
106defined contribution scheme — (DC scheme) Also known as a money purchase scheme. A pension scheme where the benefits payable to an individual member are calculated by reference to contributions paid in to the scheme in respect of that member increased by the investment return …
107DC scheme — defined contribution scheme (DC scheme) Also known as a money purchase scheme. A pension scheme where the benefits payable to an individual member are calculated by reference to contributions paid in to the scheme in respect of that member… …
108stakeholder pension — noun A type of pension arranged as part of a private scheme complying to certain requirements established by the government • • • Main Entry: ↑stake * * * stakeholder pension UK US noun [countable] [singular stakeholder pension …
109defined benefit scheme — (DB scheme): An occupational pension scheme or other retirement benefit scheme which promises the member a defined level of benefit on death or retirement. Employer s contributions have then to be determined from time to time so as to cover the… …
110defined-benefit scheme — (DB scheme): An occupational pension scheme or other retirement benefit scheme which promises the member a defined level of benefit on death or retirement. Employer s contributions have then to be determined from time to time so as to cover the… …
