Definitions for "Pension Credit"
Keywords:  divorce, dpsp, rpp, spouse, benefit
Previously known as Minimum Income Guarantee or Income Support. Provides people aged 60 and over with a minimum level of income, and gives extra income to people aged 65 and over who have modest incomes and have made savings for their retirement
This is the amount of the member's pension benefits that is awarded to an ex-spouse, under a pension sharing on divorce order.
a measure of the value of the benefit you earn for the year under a DPSP, or under a defined benefit or money purchase provision of an RPP