Accrual

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Jargon Buster

The way your future pension income builds up – how it accrues

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Registered Company in England & Wales. Company Number: 11347363

Registered Office: Suite 112, Design Works Business Centre, William Street, Gateshead, NE10 0JP

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Our Jargon Buster or Glossary of Terms

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2015 Remedy
AA
Abatement
ABS
Accrual
Accrual Rate
Active Member
Active Member Bonus
Actuarial Reduction
Actuarially Reduced Early Retirement
Added Pension
Additional Pension
Additional Voluntary Contributions
Adjusted Income
Adult Dependant’s Pension
Allocation
Annual Allowance
Annual Allowance Taper
Annual Benefit Statement
Annual Revaluation
AP
Approved Employer Staff
ARER
Auto Enrolment
AVCs
Capital Value
CARE Scheme
Career Average Revalued Earnings
Child’s dependant pension
Commutation
Contractual Redundancy
Contribution
Deferred Benefits
Deferred Member
Dependant
Disallowed days
Draw Down
Early Retirement Reduction Buy Out
ERRBO
Final Pension Salary Scheme
Final Salary
IHR
Ill-Health Retirement
Internal Dispute Resolution Process
Late retirement
Life assurance
Life Time Allowance
LTA
Lump Sum on death
Maximum Lump Sum
McCloud Remedy
McCloud Roll Back
Member
Membership Number
Mental Health Officer Status
Minimum Pension Age
Mutually Agreed Resignation Scheme
National Employment Savings Trust
Normal Pension Age
NPA
Pension Credit
Pension Credit Member
Pension Debit
Pension Input Amount
Pension Input Period
Pension Saving Statement
Pension Scheme
Pensionable Pay
Pensioner Member
Personal Pension
PIA
PIP
Practice staff
Premature Retirement
Re-employment
Reckonable Pay
Redundancy
Regulations
Remedial Pension Saving Statement
Remedy Period
Remedy Roll Back
Salary Sacrifice
Scheme Membership
Scheme Pays
Scheme Year
SD Number
Special Class Status (SCS)
State Pension Age
Statutory Redundancy
The Pensions Ombudsman
The Pensions Regulator (TPR)
Threshold Income
Tier 1 Ill Health
Tier 2 Ill Health
TUPE
Voluntary Protection of Pay