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  3. Law: Contract(s)

Pension Scheme/Pension Contract

English translation: No

09:42 Sep 19, 2008
English language (monolingual) [PRO]
Law/Patents - Law: Contract(s) / Pensions
English term or phrase: Pension Scheme/Pension Contract
Is a Pension Scheme a Pension Contract?
Jack Dunwell
France
Local time: 09:24
Selected answer:No
Explanation:
A pension scheme is a company's arrangements for paying a pension. To join the scheme, an individual may have to sign a pension contract with the company.
Selected response from:

Jack Doughty
United Kingdom
Local time: 08:24
Grading comment
Thanks again Jack
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
4 +11No
Jack Doughty


  

Answers


10 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +11
pension scheme/pension contract
No


Explanation:
A pension scheme is a company's arrangements for paying a pension. To join the scheme, an individual may have to sign a pension contract with the company.

Jack Doughty
United Kingdom
Local time: 08:24
Works in field
Native speaker of: English
PRO pts in category: 116
Grading comment
Thanks again Jack
Notes to answerer
Asker: Thank you Jack. I see you're not alone!!


Peer comments on this answer (and responses from the answerer)
agree  writeaway: absolutely. you sign a pension contract/agreement to join a pension scheme
1 min
  -> Thank you.
agree  Ken Cox: and FWIW 'pension plan' is more common than 'pension scheme' in NA (where 'scheme' often has a negative connotation)
20 mins
  -> Thank you. Both are possible in UK but scheme is more common, I think, no negative connotations.
agree  Phong Le
25 mins
  -> Thank you.
agree  orientalhorizon
31 mins
  -> Thank you.
agree  cmwilliams (X)
34 mins
  -> Thank you.
agree  Mehmet Hascan: Jack, you are right about "occupational pension scheme", however, this is not the case for "Personal Pension Plan" for which a policy has to be taken out with an insurance company.
54 mins
  -> Thank you. That's true, but the question only mentioned "scheme".
agree  Gary D: to join the pension scheme, you have to enter into a pension contract
58 mins
  -> Thank you. Yes.
agree  Demi Ebrite
2 hrs
  -> Thank you.
agree  Robert Kleemaier
3 hrs
  -> Thank you.
agree  Jürgen Lakhal De Muynck
5 hrs
  -> Thank you.
agree  Ioanna Daskalopoulou
5 hrs
  -> Thank you.
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