CARE scheme

CARE scheme
A type of defined benefit pension scheme (defined benefit scheme) in which the member's pension at retirement is calculated using their average salary over the entire period of their service with the employer. In making the calculation, the member's salary is revalued to take account of the effects of inflation.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • Care of the Poor by the Church —     Care of the Poor by the Church     † Catholic Encyclopedia ► Care of the Poor by the Church     I. OBJECTS, HISTORY, AND ORGANIZATION     A. The care of the poor is a branch of charity. In the narrow sense charity means any exercise of mercy… …   Catholic encyclopedia

  • Health care reform in the United States — ] Current estimates put U.S. health care spending at approximately 16% of GDP. [http://www.cms.hhs.gov/NationalHealthExpendData/25 NHE Fact Sheet.asp#TopOfPage National Health Expenditure Data: NHE Fact Sheet, ] Centers for Medicare and Medicaid… …   Wikipedia

  • defined benefit scheme — (DB scheme): An occupational pension scheme or other retirement benefit scheme which promises the member a defined level of benefit on death or retirement. Employer s contributions have then to be determined from time to time so as to cover the… …   Law dictionary

  • defined-benefit scheme — (DB scheme): An occupational pension scheme or other retirement benefit scheme which promises the member a defined level of benefit on death or retirement. Employer s contributions have then to be determined from time to time so as to cover the… …   Law dictionary

  • DB scheme — defined benefit scheme (DB scheme): An occupational pension scheme or other retirement benefit scheme which promises the member a defined level of benefit on death or retirement. Employer s contributions have then to be determined from time to… …   Law dictionary

  • career average revalued earnings scheme — / CARE scheme A type of defined benefit pension scheme (defined benefit scheme) in which the member s pension at retirement is calculated using their average salary over the entire period of their service with the employer. In making the… …   Law dictionary

  • Health care system — A health care system is the organization of people, institutions, and resources to deliver health care services to meet the health needs of target populations. There is a wide variety of health care systems around the world, with as many… …   Wikipedia

  • Universal health care — is health care coverage which is extended to all eligible residents of a governmental region. Universal health care programs vary widely in their structure and funding mechanisms, particularly the degree to which they are publicly funded.… …   Wikipedia

  • National Health Insurance Scheme — Ghana is a country in sub Saharan Africa. It is the first country south of the Sahara to have gained independence. From 6 March 1957 when the British granted the country s independence, the country went through several stages in its political… …   Wikipedia

  • Health care in Nigeria — Health care provision in Nigeria is a concurrent responsibility of the three tiers of government in the country. [Rais Akhtar; Health Care Patterns and Planning in Developing Countries, Greenwood Press, 1991. pp 264] However, because Nigeria… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”