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IDR
Ill-Health Early Retirement
Immediate Annuity
Incapacity
Income Continuance Plan
Indexation
Indirect Discrimination
Individual Arrangement
Inflation Proofing
Insured Scheme
Integration
Interim Trust Deed
Internal Disputes Resolution
Investment
Investment Manager
Investment Performance
Irrevocable Trust
see Internal Disputes Resolution .
Retirement on medical grounds before normal retirement date.The benefit payable in these circumstances may be greater than that paid to a member retiring early in normal health.
An annuity which commences immediately, or shortly after, it is purchased.
Inability to continue working due to ill health or disability. Its precise meaning in practice is determined by the rules of each separate scheme.
One of the terms for prolonged disability insurance .
Indexation
The system under which pensions in payment (and possibly also preserved benefits) are increased automatically at regular intervals by reference to the rate of increase in a specified index of prices or earnings.
A form of sex discrimination - usually unintentional - which is deemed to exist if conditions are applied to a group of workers which, though not expressly related to sex, are more likely to be met by one sex than the other.
A pension scheme with only one member, whose documents relate only to that member .
See Indexation and Escalation .
A pension scheme where the sole long term investment medium used by the trustees is an insurance policy (other than a managed fund policy).
The system of designing scheme benefits to take into account all or part of the benefits payable by the state under the social welfare arrangements. Known in public sector schemes as co-ordination.
A form of trust deed used to establish a pension scheme by stating its provisions in broad terms and promising to make the definitive deed and the rules at a later date.
Known as IDR, this is a requirement that a complaint or dispute must be subjected to a resolution process within the pension scheme or PRSA in which it arises, before it can be submitted to the Pensions Ombudsman.
The process by which contributions and net income of a scheme are used to increase the value of pension fund assets by means of cash deposits, the purchase and sale of equities, bonds, property and other assets as authorized by the trust deed and by law.
The person or body to which the investment and management of all or part of the scheme assets is delegated by the trustees, subject to the provisions of the trust documents.
Comparison of the rate of return on an investment Measurement portfolio and/or its constituent parts with one or more of:
(1) the notional return of a model fund;
(2) actual rates of return on other funds;
(3) movement in market indices, over a period or a range of periods.
A Trust which cannot be revoked or taken back by the employer who establishes it. Such trusts are required by the Revenue Commissioners in order to give tax free build up to the assets of the pension scheme. The trust has the effect of separating scheme assets from the assets of the employer, but tax free build up won't be given if there is a possibility that the employer could take back the assets