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PEThe two-character ISO 3166 country code for PERU.PE Similar MatchesPension creditPension creditA state benefit due to be introduced in 2003 which is intended to reward people who have saved for their retirement. Pensioners will receive a credit of 60p for each pound derived from a source other than the basic state pension, subject to an overall income limit of £135 per week for a single pensioner and £200 for pensioner couples. Intra-product specializationIntra-product specializationAnother term for fragmentation. Used by Arndt (1997). Operating in the redOperating in the redDoing business while losing money. SpecificitySpecificityThe property that a policy measure applies to one or a group of enterprises or industries, as opposed to all industries. National Insurance Pension (State Pension)National Insurance Pension (State Pension)Regular income from the state paid to retired people who have made contributions during their life. In the UK, the retirement age for men is 65 and for women is 60.To qualify individuals must have made full National Insurance (NI) contributions. Men must have worked for 44 years and women for 39 years, or have received a special waiver such as invalid care allowance.In April 1978 the government introduced another pensions scheme (the State Earnings Related Pensions Scheme or SERPS) to provide a pension related to the earnings of employed people only. SERPS was replaced by the Second State Pension or S2P in April 2002.Employees make payments to S2P and the NI Basic Pension by way of Class 1 National Insurance (NI) contributions. (Employers also pay Class 1 contributions on all the employee's earnings). Employees may elect to contract out of S2P and pay Class 1 contributions via a rebate which may be invested in an occupational pension or a personal pension plan.There are two main pensions: the NI Basic Pension and S2P. There is also an additional benefit, the Graduated Pension or Graduated Retirement Benefit. This was a state scheme which existed between April 1961 and April 1975 for people earning over £9 per week. People who were employees during any part of this period and who paid Graduated NI Contributions will receive a Graduated Retirement Benefit. Women over 60 and men over 65 can if they wish continue in employment even when they are receiving the NI Pension. Further SuggestionsPayout periodOperating expenses Retrospective analysis Specific factor Open outcry Pension Schemes Registry Structural Impediments Initiative Sleeper Performance fund Super 301 Occupational Pensions Regulatory Authority Economies of scope personal accounts Preshipment inspection Operations department personal income Personal inflation rate Extended redemption penalty Shippers Export Declaration (SED) permanent health insurance (PHI) Import penetration Operating risk Perfectly competitive Vertical specialization Compensating variation |
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