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The OECD's Reviews of Pension Systems: Ireland, [3] explains the structures of both the public and private pension systems. "The public pension system has two sets of flat-rate benefits: 1) a basic flat-rate benefit to all retirees that meet the contribution conditions, the State pension (contributory) or SPC and the State pension (transition) or SPT; and 2) a means-tested benefit to those ...
A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides retirement income.The U.S. Government's Social Security Trust Fund, which oversees $2.57 trillion in assets, is the world's largest public pension fund.
A common contractual fund (CCF) is a collective investment scheme structure in Ireland introduced by the European Communities UCITS Regulations, 2003.. The CCF is an unincorporated body established by a management company under which the participants by contractual arrangements participate and share in the property of the fund as co-owners (specifically tenants in common).
An occupational pension fund, also referred to as an employer funded or employer administered scheme, is a pension offered by an employer to an employee's retirement scheme. [1] Within the European Union (EU), these pension funds can vary throughout certain Member States due to differences in retirement ages in Europe , salaries and length of ...
The Department of Agriculture, Food, Fisheries and the Marine (Irish: An Roinn Talmhaíochta, Bia, Iascaigh agus Mara) is a department of the Government of Ireland. According to the department, its mission is to "lead the sustainable development of a competitive, consumer focused agri-food sector and to contribute to a vibrant rural economy and ...
The Pensions and Lifetime Savings Association represents 1,300 pension funds which together provide pensions for 22 million people and have more than £1000 billion of assets. [2] Members' pension schemes include defined benefit, defined contribution, group personal pensions and statutory schemes such as those in local government.
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The National Treasury Management Agency (NTMA; Irish: Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta, GBCN) is the agency that manages the assets and liabilities of the Government of Ireland. It was established on 1 December 1990 to borrow for the Central Fund and manage the national debt.