Hybrid scheme

An occupational pension scheme (www.practicallaw.com/8-107-6900) that is neither a pure defined benefit (DB) scheme (www.practicallaw.com/0-107-7545) nor a pure money purchase scheme (www.practicallaw.com/0-107-6857). Hybrid schemes usually have different sections in which members accrue benefits on either a DB or money purchase basis, but in some instances members accrue both types of benefits at the same time (for example, a DB scheme with a money purchase underpin).

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247245059315", "objName" : "Hybrid scheme", "userID" : "2", "objUrl" : "http://us.practicallaw.com/cs/Satellite/us/resource/7-206-1984?null", "pageType" : "Resource", "academicUserID" : "", "contentAccessed" : "true", "analyticsPermCookie" : "2-5e12d5a8:14590cffcba:4fe3", "analyticsSessionCookie" : "2-5e12d5a8:14590cffcba:4fe4", "statisticSensorPath" : "http://analytics.practicallaw.com/sensor/statistic" }