pension

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pension

(1) A regular payment plan intended to provide a person who retired from a job with a secure income for life.
(2) A monthly payment from a pension.
References in periodicals archive ?
EVIDENCE suggests that half the workers who receive financial advice are wrongly being advised to transfer out of company occupational pensions schemes, to personal pensions or self invested personal pensions (Sipps).
Each year individuals are asked a wide range of questions about their individual circumstances including income, employment status, occupation, education, age, and other demographic variables, and whether they contribute toward an occupational pension or a personal pension plan.
Although not all employers have an occupational pension scheme, your employer may have to start offering a pension scheme as early as 2012, known as the National Employment Savings Trust (NEST).
The ECJ judgment in Test-Achats is expressly directed at the insurance industry, not at occupational pension schemes.
He had made the claims while failing to tell the department that he had been receiving an occupational pension from Torfaen County Council since August 1980.
Occupational pension schemes can be related to final salary and contributions made, or based relatively to the value of the investment fund.
Swedish banking group Handelsbanken said on Wednesday (2 May) that it is taking over occupational pensions for the Scandinavian airline SAS's Swedish pilots.
On retirement, you'll still get the additional State Pension, but you will lose some or all of your additional State Pension if your occupational pension scheme is contracted out.
She added that the government had also twice weakened the Minimum Funding Requirement which supports occupational pension schemes, reducing the burden on employers, but at the same time decreasing the protection offered to members.
By the 1990s, occupational pension growth prompted calls for cost containment.
Alan Pickering's proposals will cut red tape and help to contain costs, making it easier for employers to provide and maintain occupational pensions," said Susan Anderson, the CBI's director of HR policy.
The occupational pension scheme provides earnings-related benefits to employees in the public and the private sector, as well as to self-employed people.

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