pension scheme

pension scheme variant UK US
Main entry: pension plan

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ˈpension plan [pension plan] (BrE usually ˈpension scheme) (NAmE also reˈtirement plan) noun
a system in which you, and usually your employer, pay money regularly into a fund while you are employed. You are then paid a ↑pension when you retire.
See also:retirement plan

Useful english dictionary. 2012.

Look at other dictionaries:

  • pension scheme — Under the Pension Schemes Act 1993, an employer can contract out of the SERPs element of the state pension scheme (hence qualifying for contracted out rebate on National Insurance Contributions) by means of an occupational pension scheme. There… …   Law dictionary

  • pension scheme — ➔ scheme * * * pension scheme UK US noun [C] UK ► FINANCE PENSION PLAN(Cf. ↑pension plan): »Financial advisers recommend that people should join their employer s pension scheme if they are eligible …   Financial and business terms

  • pension scheme — pension schemes N COUNT A pension scheme is the same as a pension plan. [mainly BRIT, BUSINESS] His company has the best pension scheme in the industry …   English dictionary

  • pension scheme — pension 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… …   English dictionary

  • pension scheme — n British English a ↑pension plan …   Dictionary of contemporary English

  • pension scheme — Any arrangement the main purpose of which is to provide a defined class of individuals (called members of the scheme) with pensions. A pension scheme may include benefits other than a pension and may provide a pension for dependants of deceased… …   Accounting dictionary

  • pension scheme — noun (C) BrE a pension plan …   Longman dictionary of contemporary English

  • pension scheme — ➡ pensions * * * …   Universalium

  • State 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… …   Wikipedia

  • New Pension Scheme (India) — PFRDA Logo with original colours Contents 1 Regulator 2 Coverage Eligibility …   Wikipedia

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