Examples of elements which may be unequal, in respect of funded defined-benefit schemes, as referred to in Article 6 (h):
- conversion into a capital sum of part of a periodic pension,
- transfer of pension rights,
- a reversionary pension payable to a dependant in return for the surrender of part of a pension,
- a reduced pension where the worker opts to take early retirement.
Good to know
reversionary annuity - an annuity in which only specified events can cause the annuity to be paid
Note: pension funds; e.g. the death of some other person
