Defined contribution pension scheme: Difference between revisions
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(DC). | (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. | 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. | ||
Also known as money purchase schemes. | Also known as ''money purchase'' schemes. | ||
== See also == | == See also == | ||
* [[401(k) plan]] | |||
* [[Annual allowance]] | * [[Annual allowance]] | ||
* [[Annuity]] | |||
* [[Defined benefit pension scheme]] | * [[Defined benefit pension scheme]] | ||
* [[Funded scheme]] | |||
* [[Mansion House Compact]] | |||
* [[Occupational pension scheme]] | * [[Occupational pension scheme]] | ||
* [[Stakeholder pension scheme]] | * [[Stakeholder pension scheme]] | ||
* [[Unfunded scheme]] | |||
[[Category:Manage_risks]] | |||
Latest revision as of 23:56, 27 February 2024
(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.
