Defined contribution pension scheme: Difference between revisions
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imported>Doug Williamson m (Spacing) |
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(DC). A pension scheme where benefits are based on how much money has been paid into the scheme and the investment returns earned, a significant part of the sum achieved often being invested in an annuity at market rates at or soon after retirement. | (DC). | ||
A pension scheme where benefits are based on how much money has been paid into the scheme and the investment returns earned, a significant part of the sum achieved often being invested in an annuity at market rates at or soon after retirement. | |||
Such schemes are by definition funded. | Such schemes are by definition funded. | ||
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* [[Occupational pension scheme]] | * [[Occupational pension scheme]] | ||
* [[Stakeholder pension scheme]] | * [[Stakeholder pension scheme]] | ||
Revision as of 16:47, 5 August 2013
(DC).
A pension scheme where benefits are based on how much money has been paid into the scheme and the investment returns earned, a significant part of the sum achieved often being invested in an annuity at market rates at or soon after retirement.
Such schemes are by definition funded.
Also known as money purchase schemes.
