occupational pension

noun

1. a pension scheme provided for the members of a particular occupation or by a specific employer or group of employers

2. a pension derived from such a scheme

Example Sentences

The UK government said the introduction of automatic enrolment into workplace pensions, which means employees join occupational pension schemes unless they choose to opt out, "has transformed the UK pensions landscape and brought millions of women into pension saving for the very first time".It added: "We recently published the first official measure of the Gender Pensions Gap, which will help track the collective efforts of government, industry and employers to close it, and ensure women can look forward to the retirements they've worked so hard for."

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Mrs Davies said her own mother was able to retire early, "so she's always driven home the importance of having an occupational pension"."There's lots of information out there", she added, "but I feel like a lot of it is information you've got to go and find, as opposed to being presented to you at a good time."

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Occupational pension funds in the Netherlands make up two-thirds of all such pensions in the euro area, according to the European Central Bank, so any shift in their investments could have a big impact.

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Now a charity is calling for full-time carers to get greater support, including the equivalent of an occupational pension to avoid them facing poverty at retirement age.

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Like Jenny, Michelle believes that carers should be entitled to some form of occupational pension to reflect the full-time role they do.

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