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]]
[[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.


See also