Glossary of pension terms

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Gender ground

Discrimination by reference to gender is discrimination on the gender ground. Gender means male or female gender.

Ground of race

Discrimination by reference to race, colour, nationality, ethnic or national origins is discrimination on the ground of race.

Guaranteed payment period

A period of time after the commencement of a pension, normally five or 10 years, for which payment of a pension would be guaranteed to be paid, whether the pensioner lives or dies in that period. If the pensioner dies during the guaranteed payment period, a lump sum equal to the balance of pension payments due over the remaining guarantee period would be payable to their dependant(s).