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guaranteed minimum pension

См. также в других словарях:

  • guaranteed minimum pension — An employer can contract out of the SERPs element out of the state pension scheme (hence qualifying for a contracted out rebate on NIC s ) by means of an occupational pension scheme. There are strict rules relating to occupational pension schemes …   Law dictionary

  • Guaranteed Minimum Pension — The Guaranteed Minimum Pension (GMP) is the minimum pension which a United Kingdom occupational pension scheme has to provide for those employees who were contracted out of the State Earnings Related Pension Scheme (SERPS) between 6 April 1978… …   Wikipedia

  • guaranteed minimum pension — The earnings related component of a state pension that a person would have been entitled to as an employee of a company, had that person not contracted out of the State Earnings Related Pension Scheme (SERPS). Any private pension contract must… …   Accounting dictionary

  • Guaranteed Minimum Pension - GMP — Pensions earned while working in the United Kingdom s public sector between 1978 and 1997. During those years, the UK’s public sector pension plan was contracted out and the pensions earned are handled differently than other years. The… …   Investment dictionary

  • Guaranteed minimum income — (GMI) is a system[1] of social welfare provision that guarantees that all citizens or families have an income sufficient to live on, provided they meet certain conditions. Eligibility is typically determined by citizenship, a means test and… …   Wikipedia

  • 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

  • guaranteed — adj. Guaranteed is used with these nouns: ↑contract, ↑delivery, ↑income, ↑loan, ↑minimum, ↑pension, ↑return, ↑sum …   Collocations dictionary

  • Pension Benefit Guaranty Corporation — (United States) Agency overview Formed September 2, 1974 …   Wikipedia

  • 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

  • occupational 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

  • state earnings-related pension scheme — (SERPS) United Kingdom An additional state pension based on the employee s national insurance contributions (NICs) and earnings. It ran from 6 April 1978 to 5 April 2002 when it was replaced by the …   Law dictionary

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