pensionable service

pensionable service
/ˌpenʃənəb(ə)l 'sɜ:vɪs/ noun
the period of service used in calculating pension benefits from an occupational pension scheme

Dictionary of banking and finance. 2015.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • Pensionable Service — The period of service, expressed in a yearly figure, for which a worker has established pension credits for a pension plan. Pension benefits are typically based on the worker s pensionable service and highest average salary. The pensionable… …   Investment dictionary

  • pensionable — pen‧sion‧a‧ble [ˈpenʆnəbl] adjective 1. having the right to receive a pension: • We wish to encourage people to go on working after pensionable age (= the age at which they would normally receive a pension ) . • Donald retired at 56, after… …   Financial and business terms

  • pensionable — adj. 1 entitled to a pension. 2 (of a service, job, etc.) entitling an employee to a pension. Derivatives: pensionability n …   Useful english dictionary

  • past service reserve — England, Scotland, Wales An actuarial method for calculating the value of a member s benefits in a defined benefit pension scheme (defined benefit scheme). The method uses the value of the member s accrued benefits based on his pensionable… …   Law dictionary

  • Member of Parliament — Legislature This series is part of the Politics series Legislature Legislatures by country Parliament Member of Parliament Parliamentary group Parliamentary group leader Congress Congressperson …   Wikipedia

  • cash transfer sum — Introduced by the Pensions Act 2004, an early leaver from a salary related pension scheme (salary related scheme) with at least three months pensionable service at the date his or her employment ends may ask the trustees to pay a cash transfer… …   Law dictionary

  • subsisting rights — The subsisting rights of an occupational pension scheme member are the member s entitlements (pensions and any other benefits already in payment) and accrued rights under the rules of the pension scheme. The member s accrued rights at a… …   Law dictionary

  • YPS — Years Of Pensionable Service (Miscellaneous » Unit Measures) Young Professional Single (Internet » Chat) ** Port Hawkesbury Airport, Port Hawkesbury, Cape Breton Island, Nova Scotia, Canada (Regional » Airport Codes) …   Abbreviations dictionary

  • pension — pensionable, adj. pensionably, adv. pensionless, adj. /pen sheuhn/; Fr. /pahonn syawonn / for 3, n., pl. pensions / sheuhnz/; Fr. / syawonn / for 3, v. n. 1. a fixed amount, other than wages, paid at regular intervals to a person or to the person …   Universalium

  • Social Protection — ▪ 2006 Introduction With medical costs skyrocketing and government programs scaled back, citizens bore more responsibility for their health care costs; irregular migration, human trafficking, and migrant smuggling posed challenges for… …   Universalium

Share the article and excerpts

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