Definition of «workplace pension»

A workplace pension refers to a retirement savings plan that is organized and provided by an employer for the benefit of their employees. It helps individuals save money for their retirement by deducting a portion of their salary and contributing it to the pension scheme. The employer may also contribute some money towards the pension as an additional benefit.

Sentences with «workplace pension»

Pressure is building in the private sector over the sustainability of traditional workplace pension plans. (rbc.com)
The pensions bill, which will see employees automatically enrolled on workplace pension schemes, was introduced in parliament today. (politics.co.uk)
A shake - up of workplace pensions will see 18 - year - olds auto - enrolled for the first time. (myintimcity.com)
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Definition of «workplace pension»

Sentences with «workplace pension»

See also