COSR

COSR
A salary-related pension scheme (salary-related scheme) that has contracted-out of the state state second pension (S2P). To qualify as COSR scheme, the scheme must satisfy prescribed requirements, set out in the Pension Schemes Act 1993. In particular, it must pay benefits that meet a certain minimum level. The contracting-out regime is supervised by National Insurance Services to Pensions Industry (NISPI).
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multi-employer scheme (multi-employer pension schemes)

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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