Occupational Pension Scheme

Occupational Pension Scheme (OPS) definition

/ɒkjʊˈpeɪʃ(ə)n(ə)l/ /ˈpɛnʃ(ə)n/ /skiːm/

What does Occupational Pension Scheme mean?

A workplace pension scheme, usually trust-based, established by an employer, or on behalf of a group of employers, to provide retirement benefits to employees. Benefits are provided for or in respect of one or more employees on leaving pensionable service or on death or retirement.

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OPS

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