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Revision as of 14:20, 23 October 2012

1. Pensions. A beneficiary under an occupational pension scheme.

Pension scheme members may be: i. Active (still accruing benefits by virtue of current service); or ii. Deferred (no longer accruing benefits through having left the scheme, but entitled to receive benefits in the future); or iii. Pensioners (currently receiving benefits). This third category will also usually include widows and other dependants of former members.

2. Company law. In relation to a company, a shareholder.

See also