multi-employer scheme


multi-employer scheme
An occupational pension scheme that has more than one participating employer. Multi-employer schemes are either segregated, meaning that the scheme assets may only be used for a particular section of the scheme, or non-segregated, in which case there may be an element of cross-subsidy between sections. Specific legislative provisions apply to multi-employer schemes in particular areas, for example, in relation to the entry criteria for the Pension Protection Fund (PPF).
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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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