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Carer's Allowance is a non-contributory benefit in the United Kingdom payable to people who care for a disabled person for at least 35 hours a week. It was first established as Invalid Care Allowance [ 1 ] in 1976, and married women were not eligible.
Both DB and DC plans were significantly affected by the 2008 crisis. On average, throughout countries in the EU with DB plans experienced at least a 10% decrease in benefit cuts. [12] This showed that fully funded pension schemes could not entirely provide a reliable basis for benefits received after retirement. [18]
Voluntary private collective pension provision; Voluntary private individual pension provision Georgia: Basic pension: N/A: N/A: N/A Germany: Social assistance: Social insurance system: Voluntary occupational pension insurance: Private pension schemes Hong Kong: Basic pension: Provident fund system: N/A: N/A Hungary: Social assistance: Private ...
[citation needed] A group personal pension plan (GPPP) can be established by an employer as a way of providing all of its employees with access to a pension plan run by a single provider. By grouping all the employees together in this way, it is normally possible for the employer to negotiate favourable terms with the provider, thus reducing ...
Pensions in the Netherlands consist of three pilar old age pension system made up of a state pension system, a private pension system regulated by pension law, and individual private pension. The systems are provided through a diversity of funding sources and are considered as fair of distribution for people living in the Netherlands .
The complementary schemes provide additional coverage for risks already covered by Social Security. Some are mandatory (supplemental pension plans of private sector employees) and other optional (mutual health insurance, pension plans). Social partners set only the amount of revenue and expenditure allocated to these schemes.
The expression "minimum old-age pension" (French: Minimum vieillesse) corresponds to a former allowance that no longer exists, but it is still used in everyday language to designate the ASPA The minimum old-age pension was created in 1956 and replaces the old workers' allowance AVTS [5] of 1942. The objective is close to that of the ASPA.
The Pan-European Pension Product (PEPP) or like Pan-European Personal Pension Product is a proposed pension which will be available to residents of the European Union. The PEPP is designed to give the 240 million savers in the EU a better choice in the fragmented and uneven European market, where options are nearly non-existent in some member ...