Unilever UK Pension Fund - Final salary plan

Dictionary

Dependant

This can mean anyone who (in the Trustees' opinion) wholly or partly depends on you either for financial reasons, or because of a disability.

Guaranteed Minimum Pension ('GMP')

Because the plan is "contracted out" of the second level of State benefit, it must provide a certain level of pension in its place. For pension you built up before 6 April 1997, this level was the GMP.

Inflation

This is the general rise in prices, normally shown by the 'Retail Prices Index' – a figure taken from measuring how costs increase across a range of goods and services.

Normal retirement age

This is age 65 for men and women.

Unilever

Unilever is the Unilever Group company that employs you and has agreed to take part in the Unilever UK Pension Fund. But, in some places in this website it means Unilever PLC.

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Don't know your 'Annual Allowance' from your 'Final pensionable salary'?

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