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English definition of “occupational pension scheme”

occupational pension scheme

noun [C] ( abbreviation OPS, also occupational scheme) UK HR
a system for paying money towards a pension arranged by your employer: Most occupational pension schemes do not allow members to invest more than a certain amount. As a member of an occupational scheme, he can contribute up to 15% of his salary.
(Definition of occupational pension scheme noun from the Cambridge Business English Dictionary © Cambridge University Press)

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