Guaranteed Minimum Pension
From The Art and Popular Culture Encyclopedia
|
Related e |
|
Featured: |
The Guaranteed Minimum Pension (GMP) is the minimum pension which a United Kingdom occupational pension scheme has to provide for those employees who were contracted out of the State Earnings-Related Pension Scheme (SERPS) between 6 April 1978 and 5 April 1997. The amount is said to be 'broadly equivalent' to the amount the member would have received had they not been contracted out.
Unless indicated otherwise, the text in this article is either based on Wikipedia article "Guaranteed Minimum Pension" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic and friends. See Art and Popular Culture's copyright notice.
