Pension Benefit Guaranty Corporation — (United States) Agency overview Formed September 2, 1974 … Wikipedia
Pension Protection Fund — (PPF) A statutory fund, established with effect from 6 April 2005 by the Pensions Act 2004. The PPF pays compensation at a prescribed level to members of defined benefit schemes that are eligible for entry. A scheme may be eligible if its… … Law dictionary
pension credit — Introduced by the Welfare Reform and Pensions Act 1999, a pension credit is the amount used for the benefit of the ex spouse of a member of an occupational pension scheme or a personal pension scheme under a pension sharing order. The scheme may… … Law dictionary
pension-sharing order — Introduced by the Welfare Reform and Pensions Act 1999, pension sharing orders apply to occupational pension schemes and personal pension schemes. The member s pension rights are valued as a cash equivalent, and part of their value is used for… … Law dictionary
pension debit — Introduced by the Welfare Reform and Pensions Act 1999, a pension debit applies to a member of an occupational pension scheme or a personal pension scheme who is subject to a pension sharing order on divorcing their ex spouse. The pension debit… … Law dictionary
Pension — This article is about the retirement income arrangement. For the type of lodging, see Pension (lodging). For the mortgage repayment scheme, see Mortgage loan. Financial market participants … Wikipedia
Pension fund — A pension fund is a pool of assets forming an independent legal entity that are bought with the contributions to a pension plan for the exclusive purpose of financing pension plan benefits. Pension funds are important shareholders of listed and… … Wikipedia
pension — pen|sion1 W2S3 [ˈpenʃən] n an amount of money paid regularly by the government or company to someone who does not work any more, for example because they have reached the age when people stop working or because they are ill ▪ At what age can you… … Dictionary of contemporary English
Pension Benefit Guaranty Corporation — (PBGC) A federal insurance fund that pays pension benefits to retirees whose pension plans have ended, generally because the plans cannot meet their financial obligations. The PBGC is funded by insurance premiums paid by employers that sponsor… … Law dictionary
Pension spiking — is the process whereby public sector employees grant themselves large raises or otherwise artificially inflate their compensation in the years immediately preceding retirement in order to receive larger pensions than they otherwise would be… … Wikipedia
pension — pen·sion n: money paid under given conditions to a person following retirement or to surviving dependents see also defined benefit plan, defined contribution plan Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary