Pension Scheme Member

Pension Scheme Member













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Pension Scheme Member

Pension schemes are a fund set up by an organisation (be it an employer, insurance company or the Government) to prove people with income in retirement. Those participating in the arrangement join the pension scheme and so are referred to as member. A pension scheme member is someone that has qualified under the scheme rules for benefits within the scheme. Usually they make contributions to the pension scheme to save for their retirement. Pension scheme members can be part of an occupational pension scheme or a personal pension scheme, or both.