About the Fund

Glossary

Abbreviation	Term	Meaning
AAL	Additional adoption leave (paid or unpaid)	Lasts for 26 weeks and starts on the first day after ordinary adoption leave
AML	Additional maternity leave (paid or unpaid)	Lasts for 26 weeks and starts on the first day after paid ordinary maternity leave
APC	Additional pension contributions	These contributions can be made to cover unpaid leave/absence due to industrial action or purchase additional pension. Can be paid by the employer or the employee
APL	Additional paternity leave (paid or unpaid)	Begins after ordinary paternity leave
APP	Assumed pensionable pay	This is an assumed amount of pay where the employee is on reduced or no pay
AVC	Additional voluntary contributions	The contributions are paid to the Prudential. They also include death in service contributions
CAC	Cumulative additional employee's contributions	These can be additional pension contributions or additional voluntary contributions for end of year data
CARC	Cumulative additional employer's contributions	The total additional employer contributions for the scheme year (1 April – 31 March) for year end
CARE	Career average revalued earnings	Defined benefits are based on career average pay instead of final salary pay
CEC1	Main section cumulative employee's contributions	The total employee's contributions in the main section for the scheme year (1 April - 31 March) for end of year data
CEC2	50/50 section cumulative employee's contributions	The total employee's contributions in the 50/50 section for the scheme year (1 April – 31 March) for end of year data
CPI	Consumer prices index	Inflation index – rate of pensions increase/revaluation rate
CPP1	Main section cumulative pensionable pay	The total pensionable pay or assumed pensionable pay in the main section for the scheme year (1 April – 31 March) for end of year data
CPP2	50/50 section cumulative pensionable pay	The total pensionable pay or assumed pensionable pay in the 50/50 section for the scheme year (1 April – 31 March) for end of year data
CRA	Critical retirement age	The age when benefits are payable under the 2008 Scheme (protection of the 85 year rule)
CRC	Cumulative employer contributions	The total employer contributions in both sections for the scheme year (1 April - 31 March) for year end
EAVC	Employee additional voluntary contributions	The whole cost to the employee for non-life and life assurance (death in service), employee element of a shared cost AVC for life assurance, pension salary sacrifice or other for end of year data
EAVCL	Employee additional voluntary contributions (life assurance)	The whole cost is to the employee for additional voluntary contributions for end of year data – life assurance (death in service)
EAVCN	Employee additional voluntary contributions (non life assurance)	The whole cost is to the employee for additional voluntary contributions for end of year data – non life assurance
ESCAPC	Employee shared additional pension contributions	Part cost to the employee for the purchase of additional pension for end of year data
ESCAVCL	Employee shared cost additional voluntary contributions	Life assurance – part cost to employee for end of year data
ESCAVCN	Employee shared cost additional voluntary contribution	Pension sacrifice – part cost to employee for end of year data
ESCAVCO	Employee additional voluntary contribution	Other additional voluntary contribution part cost to employee for year end data
KIT	Keep in touch day	Where a member works for an odd day during maternity, adoption or paternity leave
NPA	Normal pension age	Equal to the members State Pension age (subject to a minimum of age 65)
OAL	Ordinary adoption leave	First 26 weeks of adoption leave
OML	Ordinary maternity leave	First 26 weeks of maternity leave
OPL	Ordinary paternity leave	First 2 weeks of paternity leave
PP	Pensionable pay	Total pay pension contributions are paid on in main section for the scheme year (1 April – 31 March) for end of year data
RAPC	Additional pension contributions	The whole cost is to the employer for the purchase of additional pension and also the employer element of a shared cost APC
RAVC	Additional voluntary contributions	The employer element of a shared cost AVC for life assurance, pension salary sacrifice, or other
RSCAPC	Additional pension contributions	Part cost to employer for the purchase of additional pension
RSCAVCL	Shared cost additional voluntary contribution	Shared cost additional voluntary contribution – life assurance – part cost to employer
RSCAVCN	Shared cost additional voluntary contribution	Shared cost additional voluntary contribution – pension sacrifice – part cost to employer
RSCAVCO	Shared cost additional voluntary contribution	Shared cost additional voluntary contribution – other – part cost to employer
SCAPC	Shared cost additional pension contributions	An employer and employee share the cost of addition pension contributions with the split being one third employee and two thirds employer
SCAVC	Shared cost additional voluntary contributions	Same as AVC's but are paid by the employer and employee. The percentage from each is agreed by both
SPA	State Pension age	The date a person will receive their State Pension