COSR — contracted out salary related scheme (COSR scheme) A salary related pension scheme (salary related scheme) that has contracted out of the state state second pension (S2P). To qualify as COSR scheme, the scheme must satisf … Law dictionary
contracted-out salary-related scheme — (COSR scheme) A salary related pension scheme (salary related scheme) that has contracted out of the state state second pension (S2P). To qualify as COSR scheme, the scheme must satisfy prescribed requirements, set out in the Pensi … Law dictionary
contracted-out salary related scheme — (COSR scheme) A salary related pension scheme (salary related scheme) that has contracted out of the state state second pension (S2P). To qualify as COS … Law dictionary
contracted out salary related scheme — (COSR scheme) A salary related pension scheme (salary related scheme) that has contracted out of the state state second pension (S2P). To qualify as COS … Law dictionary
section 9(2B) rights — England, Scotland, Wales Rights to pension benefits in a contracted out salary related scheme (COSR scheme) which satisfies the so called reference scheme test. Referring to section 9(2B) of the Pension Schemes Act 1993, section 9(2B) rights are… … Law dictionary
contracted-out employment — United Kingdom Employment which is contracted out of the state second pension (S2P) (formerly the state earnings related pension scheme (SERPS)). Members in contracted out employment forego their S2P or SERPS pensions and instead are provided… … Law dictionary
