risk-based levy

risk-based levy
The most significant of the levies that the Pension Protection Fund (PPF) may raise to fund its operations. The risk-based levy forms part of the pension protection levy. It is calculated according to the PPF's assessment of two factors:
• The risk the sponsoring employer will become insolvent.
• The scheme's underfunding risk.
By law the risk-based levy must comprise no less than 80% of the total pension protection levy. See also scheme-based levy.
Related links
multi-employer scheme (multi-employer pension schemes)

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

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • scheme-based levy — One of the levies that the Pension Protection Fund (PPF) may raise in order to fund its operations. The scheme based levy is one element of the pension protection levy. It reflects the number of members in an eligible defined benefit scheme and… …   Law dictionary

  • pension protection levy — The most significant of the levies that the Pension Protection Fund (PPF) may raise to fund its operations. The pension protection levy comprises the risk based levy and the scheme based levy. Related links Pension Pro …   Law dictionary

  • Risk aversion — is a concept in psychology, economics, and finance, based on the behavior of humans (especially consumers and investors) while exposed to uncertainty. Risk aversion is the reluctance of a person to accept a bargain with an uncertain payoff rather …   Wikipedia

  • Pension Protection Fund Ombudsman levy — (PPFO levy) One of the levies that the Pension Protection Fund (PPF) may raise from defined benefit schemes that may be eligible to receive compensation if they meet certain entry conditions. Section 209 of the Pensions Act 2004 permits the PPF… …   Law dictionary

  • PPFO levy — Pension Protection Fund Ombudsman levy (PPFO levy) One of the levies that the Pension Protection Fund (PPF) may raise from defined benefit schemes that may be eligible to receive compensation if they meet certain entry conditions. Section 209 of… …   Law dictionary

  • administration levy — One of the levies that the Pension Protection Fund (PPF) may raise from defined benefit schemes that may be eligible for compensation if they meet the entry conditions. Section 117 of the Pensions Act 2004 gives the PPF power to raise the… …   Law dictionary

  • Marv Levy — Head Coach Personal information Date of birth: August 3, 1925 (1925 08 03) (age 86) Chicago, Illinois …   Wikipedia

  • Haemoglobin-based oxygen carriers — Hemoglobin based oxygen carriers are one of two main types of oxygen carrying blood substitutes in development, the other one being perfluorocarbon emulsions. As of June 2008 there are no haemoglobin based oxygen carriers or perfluorocarbon… …   Wikipedia

  • Scott Levy — Infobox Wrestler name =Scott Levy names =Johnny Polo Raven Scott Anthony Scotty the Body Scotty Flamingo height =height|ft=6|in=1 weight =convert|245|lb|kg st|abbr=on birth date =birth date and age|year=1964|month=9|day=8 birth place… …   Wikipedia

  • Hemoglobin-based oxygen carriers — At the beginning of 20th century excellent work of Landsteiner and co authors combine with significant progress in fields of heart and circulation physiology initiated development of modern transfusion medicine allowing that blood transfusion… …   Wikipedia

Share the article and excerpts

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