discretionary pension benefits

Defined in Article 4, Directive 2006/48/EC (CRD)

Uses as of 04/12/2012

Definitions over time (1)

1. 04/01/2011 – 01/01/2014 applies on 04/12/2012 Article 4, Directive 2006/48/EC (CRD) Scope: Whole act

   For the purposes of this Directive, the following definitions shall apply:

   ‘discretionary pension benefits’ means enhanced pension benefits granted on a discretionary basis by a credit institution to an employee as part of that employee’s variable remuneration package, which do not include accrued benefits granted to an employee under the terms of the company pension scheme.

Used in (4 places in 2 provisions on 04/12/2012)

Directive 2006/48/EC (CRD) (4 in 2)

Article 4 · Annex V³