C
A | B | C | D | E | F | G | H | I| J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Career Average Scheme
Cash Option
Closed Scheme
Certificate of Existence
Commutation
Commutation Factors
Compulsory Purchase Annuity
Concentration of Investment
Contingent Benefit
Continuation Option
Contribution Holiday
Contributory Scheme
Controlled Funding
Corporate Trustee
An alternative term for an average earnings scheme.
An alternative term for commutation.
A pension scheme that does not accpet new members.
A document confirming that a person is in receipt of a pension is still alive.
An option given to a member to replace a series of future payments by an immediate lump sum. The exchange of pension for immediate cash is regulated by the Revenue Commissioners.
The mathematical factors used by the trustees to determine the amount of pension which needs to be given up in order to provide a given lump sum benefit.
An annuity that must be purchased on retirement for a member of an insured pension scheme or for the holder of a personal retirement bond.
Placing a significant proportion of the assets of a pension scheme n any single investment or category of investments. This is subject to disclosure under the Pensions Act and may also impact on the scheme's ability to meet the funding standard under the Act.
Benefit whose payment depends on the happening of a particular event, often the death of a member or pensioner - specifically used in the context of the Family Law Acts to mean benefits payable from a pension scheme on the death of a member during the employment or self-employment to which the scheme relates.
A facility offered by an insurance company that insures the death benefits under a scheme, whereby a member leaving the scheme can effect a life policy similar to that used under the scheme, without evidence of health. Such options are now becoming less common. See also Substitution Option.
A term used to describe a period under which employers' and/or members' contributions are suspended. This usually happens when the fund is in surplus.
A scheme in which active members are required to make contributions toward the cost of their benefits.
A funding plan which has regard for the liabilities of a defined benefit scheme as a whole, rather than for those of individual members.
A company which acts as a trustee.