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Actuary |
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An individual or firm appointed by the Trustee to report on the financial statements of the Scheme and provide other audit services to the Scheme. |
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Additional Core Contributions |
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Extra contributions you can pay to the Money Purchase Section of KPS (KPS-MP). If you pay additional core contributions and you have five years’ pensionable service, they qualify for extra Company contributions. |
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Annuity |
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A special policy that you buy from an insurance company or pension provider. You use your retirement account or AVCs to buy an annuity and receive a monthly pension in return. |
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Auditor |
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An individual or firm appointed by the Trustee to report on the financial statements of the Scheme and provide other audit services to the Scheme. |
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AVCs |
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Additional Voluntary Contributions can be paid to provide additional benefits when you retire. You may take funds from your AVCs as cash. |
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