Occupational pension schemes
Total membership increases by 1.0m to 27.7m
Number of members of occupational pension schemes (million)
The total membership of occupational pension schemes in 2008 was estimated at 27.7 million, an increase of 1.0 million from 2007, with the largest increase in preserved pension entitlements. Total membership comprises:
9.0 million active (employee) members, up from 8.8 million in 2007
8.8 million pensions in payment, up from 8.5 million in 2007, and
9.9 million preserved pension entitlements, up from 9.4 million in 2007
Active membership of private sector defined benefit occupational pension schemes (often referred to as ‘final salary’ schemes) is little changed in 2008, estimated at 2.6 million compared with 2.7 million in 2007. Active membership of private sector defined contribution schemes is estimated at 1.0 million in 2008 compared with 0.9 million in 2007.
Notes: Individuals may be members of more than one scheme and have more than one type of membership; therefore, estimates of membership are not counts of individuals.
Figures are taken from the 2008 Occupational Pension Schemes Survey.
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Occupational Pension Schemes data