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
scheme — [skiːm] noun [countable] 1. an official plan or arrangement that is intended to help people in some way: • a government training scheme for the unemployed 2. FINANCE an arrangement in which the government or an employer provides financial help to … Financial and business terms
COSR scheme — 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 … Law dictionary
Salary cap — In professional sports, a salary cap (or wage cap) is a cartel agreement between teams that places a limit on the amount of money that can be spent on player salaries. The limit exists as a per player limit or a total limit for the team s roster … Wikipedia
occupational pension scheme — Under the Pension Schemes Act 1993, an employer can contract out of the SERPs element of the state pension scheme (hence qualifying for contracted out rebate on National Insurance Contributions) by means of an occupational pension scheme. There… … Law dictionary
profit-related pay — PRP 1) The situation in which the pay of employees is related to the profit made by the employer. The purpose is to increase motivation, commitment, and effort by the workforce by ensuring that all staff have a positive stake in the commercial… … Big dictionary of business and management
New Pension Scheme (India) — PFRDA Logo with original colours Contents 1 Regulator 2 Coverage Eligibility … Wikipedia
State Earnings-Related Pension Scheme — The State Earnings Related Pension Scheme (SERPS) is a UK Government pension arrangement. The scheme ran from 6 April 1978 to 5 April 2002. Everybody who paid full class 1 National Insurance at some point between 1978 and 2002 earned a pension… … Wikipedia
