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CUPThe ISO 4217 currency code for Cuban Peso.CUP Similar MatchesOccupational Pensions Regulatory AuthorityOccupational Pensions Regulatory AuthorityThe Authority set up under the Pensions Act 1995 to make occupational pensions more secure. Occupational pension schemeOccupational pension schemeA pension scheme generated by a company or organisation for the benefit of its employees. In 'contributory' schemes both the employer and employee contribute to a fund which grows free of tax during the savings period. In 'non-contributory' schemes, only the employer contributes.The amount paid out to the employee on retirement will depend on the type of scheme:with a defined contribution plan, the amount paid is calculated by reference to the contributions put inwith a defined benefit plan, the amount paid depends on the number of years service and the final salary of the employeeAt retirement the employee draws a pension income which is subject to tax. Nuncupative WillNuncupative WillAn oral will, usually in a deathbed situation, before witnesses who later testify to its authenticity. Porcupine provisionPorcupine provisionOften used in risk arbitrage. See: Shark repellent. |
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