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minimum pension

См. также в других словарях:

  • minimum pension liability — A term used to describe a liability for underfunded pension obligations that FAS 87 required firms to recognize as an actual balance sheet liability. The minimum pension liability is the excess of accumulated vested and nonvested plan benefits… …   Financial and business terms

  • minimum pension liability adjustment — See unfunded pension losses …   Financial and business terms

  • minimum pension liability in excess of unrecognized prior service costs — See unfunded pension losses …   Financial and business terms

  • 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 — 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 - 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

  • normal minimum pension age — Introduced by the Finance Act 2004, normal minimum pension age is the youngest age at which a member of a registered pension scheme can ordinarily expect to take his benefits. It is defined in section 279(1) of the Finance Act 2004 as age 50… …   Law dictionary

  • 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

  • pension 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 …   Law dictionary

  • 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

  • Minimum Municipal Obligation — (MMO) is, in the United States, the state mandated smallest amount a municipality must contribute to any pension plan established for its employees. The amount is calculated using actuarial science to ensure that municipal pension plans are… …   Wikipedia

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