Examples of Pension Scheme in a sentence
The substantial majority of the Company’s employees are members of the defined benefit section of the National Grid UK Pension Scheme.
As such, they are civil servants and are covered by the provisions of the Principal Civil Service Pension Scheme (PCSPS.) This is a non-contributory scheme and is unfunded.
Actuarial information on pensionsThe National Grid UK Pension Scheme is funded with assets held in a separate trustee administered fund.
Following this agreement, the Company has established a secured bank account with a charge in favour of the Trustees of the National Grid UK Pension Scheme.
The Scheme is a Registered Pension Scheme for the purposes of the Finance Act 2004.