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Dictionary definition: money-purchase pension scheme
- Article from:
- A Dictionary of Finance and Banking
Copyright© A Dictionary of Finance and Banking 1997, originally published by Oxford University Press 1997. (Hide copyright information)
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money-purchase pension scheme
A pension scheme in which payment is based directly on contributions made during ...
Related newspaper, magazine, and journal articles:
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Article: City View: BT rings change from final salary to money ...
The Birmingham Post (England);
April 18, 2001 ;
700+ words
... ... All Fools' Day to close its gold-plated final salary pension scheme to new members. These will have to make do with a money ... sheets must reflect the underlying liability inherent in a pension scheme. With money purchase there is no liability at all. This ...
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