- commutation of pension
- Administrationஓய்வூதியம் தொகுத்துப் பெறல்
English-Tamil dictionary. 2014.
English-Tamil dictionary. 2014.
commutation — index clemency, compensation, compromise, exchange, immunity, mutuality, replacement, subrogation Burton … Law dictionary
commutation — The right to receive an immediate cash sum in return for accepting smaller annual payments at some time in the future. This is usually associated with a pension in which certain life assurance policyholders can, on retirement, elect to take a… … Big dictionary of business and management
commutation factors — /ˌkɒmjυ teɪʃ(ə)n ˌfæktəz/ plural noun factors used to calculate the amount of pension to be given up in exchange for a lump sum … Dictionary of banking and finance
trivial commutation lump sum — Introduced by the Finance Act 2004, a member of a registered pension scheme whose total pension rights from all registered pension schemes do not exceed 1% of the standard lifetime allowance may commute these rights for a trivial commutation lump … Law dictionary
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