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The Financial Services Compensation Scheme (FSCS) is the UK's statutory compensation scheme for customers of UK authorised financial services firms. This means it can step in to pay compensation if a firm is unable, or likely to be unable, to pay claims against it. Compensation can be in any form and by any method it determines is appropriate. [1]
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The Northern Ireland Local Government Officers' Superannuation Committee (NILGOSC) is the largest public sector pension schemes. [ 1 ] [ 2 ] It is a defined benefit pension plan . It is regulated by the Local Government Pension Scheme Regulations (Northern Ireland) 2002 and The Local Government Pension Scheme Regulations (Northern Ireland) 2014.
FSCS may refer to: Financial Services Compensation Scheme – UK government agency Future Scout and Cavalry System , a joint British–American scout vehicle
The OECD's Reviews of Pension Systems: Ireland, [3] explains the structures of both the public and private pension systems. "The public pension system has two sets of flat-rate benefits: 1) a basic flat-rate benefit to all retirees that meet the contribution conditions, the State pension (contributory) or SPC and the State pension (transition) or SPT; and 2) a means-tested benefit to those ...
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The State Pension (Non-Contributory) falls under the social assistance category. It provides payments to those over 66 who did not make enough payments for State Pension (Contributory). To be eligible, a pensioner must: be 66 years or older; not be on the State Pension (Contributory) pass a means and habitual residence test