Meaning of “occupational pension scheme” in the English Dictionary


"occupational pension scheme" in Business English

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occupational pension schemenoun [ C ]

uk us abbreviation OPS, also occupational scheme UK HR

a system for paying money towards a pension arranged by your employer:

As a member of an occupational scheme, he can contribute up to 15% of his salary.

(Definition of “occupational pension scheme” from the Cambridge Business English Dictionary © Cambridge University Press)