(abbreviationOPS);(alsooccupational scheme)asystemforpayingmoneytowards apensionarrangedbyyouremployer:Mostoccupationalpensionschemesdo notallowmemberstoinvestmore than acertainamount.As amemberof anoccupationalscheme, he cancontributeup to 15% of hissalary.(Definition ofoccupational pension schemefrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofoccupational pension scheme
occupational pension schemeIt was financed by members' contributions which were deducted from their pay, and has therefore been described as the world's firstoccupationalpensionscheme.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Occupationalpensionschememembership had remained stable over the period from 1987 to 1993-4, in spite of increased opportunity to join a scheme.From theCambridge English CorpusEarlier research has shown that those who retire significantly before state pension age are more unlikely to have anoccupationalpensionscheme.From theCambridge English CorpusIn this sense, a substantial proportion of those lacking access to anoccupationalpensionschemeappear to be victims of mis-selling too.From theCambridge English CorpusSince 1987 the proportion of employees who had access to anoccupationalpensionschemebut who did not join nearly doubled to 11 per cent.From theCambridge English CorpusWe first consider the pension choices made by employees who had access to anoccupationalpensionscheme.From theCambridge English CorpusAmong those lacking access to anoccupationalpensionscheme, take-up was higher among younger and more advantaged employees.From theCambridge English CorpusPersonal pensions are for those with good earnings who cannot join anoccupationalpensionscheme.From theCambridge English CorpusFirst, employees with long service and membership of anoccupationalpensionschemehave more to lose by leaving the scheme early.From theCambridge English CorpusWorkers are asked if they have contributed to anoccupationalpensionscheme.From theCambridge English CorpusThese examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/occupational-pension-scheme##
