pension scheme
Employer savings plan
A pension scheme is a plan for providing retirement income, typically established by an employer or government.
The term is primarily British; Americans usually say pension plan or retirement plan.
Employees and employers contribute over working years, building funds that pay out after retirement: The company's pension scheme offers generous benefits.
- defined benefitPredetermined retirement payment arrangement
- final salaryEarnings at career's end
- contributionsThings given to help
- employerOne who employs others
- vesting periodTime until ownership transfers
actuary · tax relief · fiduciary duty · fund management · superannuation · retirement fund · retirement age · beneficiary · trustee · drawdown · decumulation · investment portfolio · payout structure · anti-discrimination laws · annuity · payroll · fund · monthly
- UK Employmentemployee rights, redundancy, maternity leave, paternity leave, sick pay
- pensionspensioner, state pensions, old age pensions, public pensions, CPP
- retirement savingsretirement savings, retirement funds, 403b, retirement account, retirement fund
- German Insuranceaccident insurance, unemployment insurance, disability insurance, mandatory insurance, care insurance
- Indian Welfareration card, food security, maternity benefit, child welfare, rural employment
- military paybase pay, military pay, basic pay, pay grades, pay scale
temporal compensation
pension schemesalary
Fixed periodic employment payment
wages · paycheck · hourly pay · take-home pay · cash in hand