(of pension scheme)
51contributory pension scheme — /kənˌtrɪbjυt(ə)ri penʃən ski:m/ noun a scheme where the worker pays a proportion of his or her salary into the pension fund …
52pension scheme — ➡ pensions * * * …
53scheme — [skiːm] noun [countable] 1. an official plan or arrangement that is intended to help people in some way: • a government training scheme for the unemployed 2. FINANCE an arrangement in which the government or an employer provides financial help to …
54pension credit — Introduced by the Welfare Reform and Pensions Act 1999, a pension credit is the amount used for the benefit of the ex spouse of a member of an occupational pension scheme or a personal pension scheme under a pension sharing order. The scheme may… …
55pension debit — Introduced by the Welfare Reform and Pensions Act 1999, a pension debit applies to a member of an occupational pension scheme or a personal pension scheme who is subject to a pension sharing order on divorcing their ex spouse. The pension debit… …
56pension commencement lump sum — Introduced by the Finance Act 2004, a member of a registered pension scheme may commute part of his pension benefits for a pension commencement lump sum. This may comprise up to 25% of the capital value of the member s pension entitlement, and is …
57scheme rescue — In the context of the Pension Protection Fund (PPF), a scheme rescue occurs if, on the insolvency of a company that sponsors an occupational pension scheme, financial support for the scheme continues. This will usually occur either because the… …
58pension credit member — A member of an occupational pension scheme or a personal pension scheme who is an ex spouse or former civil partner of an existing member, and who has received a pension credit. Related links pension credit …
59pension plan — UK / US or pension scheme UK / US noun [countable] Word forms pension plan : singular pension plan plural pension plans a system designed to provide people with a pension after they have made regular payments over a long period of time …
60scheme - schedule — ◊ scheme A scheme is a plan, usually invented by one person, for achieving something. ...some scheme for perfecting the world. He had a crazy scheme to corner the champagne market. In British English, a scheme is also a large scale plan produced… …
