Balance of cost pension scheme: Difference between revisions
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imported>Doug Williamson (Update wording for closure of defined benefit pension schemes.) |
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A pension scheme where the beneficiary makes a defined contribution (usually a percentage of pensionable salary) and the main sponsor pays the remainder of the (unknown) cost of providing the benefits. | A pension scheme where the beneficiary makes a defined contribution (usually a percentage of pensionable salary) and the main sponsor pays the remainder of the (unknown) cost of providing the benefits. | ||
Historically most UK defined benefit pension schemes were established to be of this type. | |||
== See also == | == See also == | ||
* [[Cash balance pension scheme]] | * [[Cash balance pension scheme]] | ||
* [[Defined benefit pension scheme]] | * [[Defined benefit pension scheme]] | ||
[[Category:Manage_risks]] | |||
Latest revision as of 11:28, 18 December 2013
A pension scheme where the beneficiary makes a defined contribution (usually a percentage of pensionable salary) and the main sponsor pays the remainder of the (unknown) cost of providing the benefits.
Historically most UK defined benefit pension schemes were established to be of this type.
