(of pension scheme)
21occupational pension scheme — /ˌɒkjυpeɪʃ(ə)nəl penʃən ski:m/ noun a pension scheme where the worker gets a pension from a fund set up by the company he or she has worked for, which is related to the salary he or she was earning. Also called company pension scheme …
22graduated pension scheme — noun A government pension scheme in addition to the basic old age pension, to which employees make contributions in relation to their earnings, and employers contribute corresponding sums • • • Main Entry: ↑graduate …
23funded pension scheme — A pension scheme that pays benefits to retired people from a pension fund invested in securities. The profits produced by such a fund are paid out as pensions to the members of the scheme …
24company pension scheme — /ˌkʌmp(ə)ni penʃən ski:m/ noun same as occupational pension scheme ● He decided to join the company’s pension scheme …
25graduated pension scheme — /ˌgrædʒueɪtɪd penʃən ski:m/ noun a pension scheme where the benefit is calculated as a percentage of the salary of each person in the scheme …
26funded pension scheme — An occupational pension scheme in which the future liabilities for benefits are provided for by the accumulation of a fund of assets, held externally to the business of the employer …
27pension scheme — noun (C) BrE a pension plan …
28State Earnings-Related Pension Scheme — The State Earnings Related Pension Scheme (SERPS) is a UK Government pension arrangement. The scheme ran from 6 April 1978 to 5 April 2002. Everybody who paid full class 1 National Insurance at some point between 1978 and 2002 earned a pension… …
29New Pension Scheme (India) — PFRDA Logo with original colours Contents 1 Regulator 2 Coverage Eligibility …
30State Earnings-Related Pension Scheme — ( SERPS) A top up pension scheme to boost the state basic pension. Employees can build up an entitlement to SERPs by paying National Insurance Contributions on part of their earnings. Financial Services Glossary SERPS was replaced by the State… …