occupational pension


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occupational pension

n
1. (Industrial Relations & HR Terms) a pension scheme provided for the members of a particular occupation or by a specific employer or group of employers
2. (Industrial Relations & HR Terms) a pension derived from such a scheme
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
Minister for Employment and Labour Relations, Ignatius Baffour-Awuah, who disclosed this at the Meet the Press series in Accra said the schemes include the Ghana Education Service Occupational Pension Scheme, Health Sector Occupational Pension Scheme, Judicial Service Occupational Pension Scheme, Hedge Master Trust Occupational Pension Scheme and Public Sector Workers Employees' Pension Scheme.
But by last year the figure had jumped to 18, according to occupational pension scheme survey findings from the Office for National Statistics.
The Company was incorporated in 2010 under the laws of Ghana and subsequently licensed by the National Pensions Regulatory Authority (NPRA) as corporate trustee to manage and administer Occupational Pension Schemes, Provident Funds and Group Personal Pension Schemes in line with the National Pensions Act, 2008 (Act 766).
The target group comprises three businesses includes the Actuarial Consulting Business, which provides actuarial advice to the trustees or employer sponsors of approximately 425 UK occupational pension schemes.
Yet there are no bigger criminals in our country than our own Prime Minister and her rag bag Government, who between them and the previous Labour Government, have stolen up to PS250bn, from occupational pension schemes since 1997, leaving the former ASW steel workers (Cardiff ) their families and thousand of other hard working families to an old age of possible poverty and uncertainty.
New Office for National Statistics (ONS) figures show that, while pension membership has hit a record high, the average contribution rate into a private sector occupational pension scheme was just 4% in 2015.
If you have employees aged between 22 and the state pension age earning at least PS10,000 per annum, it's now mandatory to pay a minimum 1% of their annual salary into an occupational pension. But bear in mind that contributions rise to 2% in April 2018 and 3% in April 2019.
Carers also face problems with taxable incomes, many carers retire early with an occupational pension and the carers allowance.
23 October 2013 -- Swedish Internet banking firm Avanza (STO: AZA) said that its occupational pension offering has shown an annual growth rate of 50% during recent years leading to a new plan to double the sales organisation within Avanza Pension.
In the face of this veritable ideological conflict, the Commission has decided to focus on governance, transparency and reporting obligations for occupational pension providers "as long as the required information is unavailable and Solvency II not in force".
This has once again prompted the regulator to issue a further warning that transferring from an occupational pension scheme to the riskier stock-market-based pension plan schemes are not in the workers' best interests in the vast majority of cases since, more often than not, they could end up with a much smaller pension on retirement.
Pearson, of Kirriemuir, Angus, obtained the money - paid to her in income support and pension credit - by hiding an occupational pension.

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