Sentence examples for defined benefit scheme from inspiring English sources

"Transferring a defined benefit scheme is a one-way move," warns Nathan Long at Hargreaves Lansdown.

Approximately 11,000 workers will be affected by the pension overhaul, under which those in the defined benefit scheme will no longer earn new benefits.

A typical transfer analysis and review of the defined benefit scheme can take months to complete, so if you are considering it, you may need to act now.

The outgoing one is a defined benefit scheme comprised of a flat-rate universal benefit, an earnings-related second tier and a minimum benefit floor of almost 50% of average earnings after tax.

For current employees, who are already signed up to a particular pension package, the situation is more complex, particularly if that pension package involves a multi-employer defined benefit scheme.

I can't speak for members, but from the trustees' perspective a defined benefit scheme, when combined with a sponsoring employer with a weak covenant, is almost the perfect storm for pensions".

At the start of the process people thought we were going to lose our defined benefit schemes.

The company said that it expects to pay £10.9m towards the deficit in its defined benefit schemes this year.

The Treasury will consult on whether people in private sector defined benefit schemes should have this freedom.

The cap also applies to defined benefit schemes; any executive with an expected pension of £50,000 will hit the limit.

Additionally, the effect on defined benefit schemes will need to be tested as the cost and funding implications for these schemes could be significant.