Definitions for "Occupational Pension Scheme"
A scheme run by the employer for whom you work, to build up a retirement pension. The maximum pension under this kind of scheme is two-thirds of final salary.
Contribute to your firm's pension scheme and get a maximum of 40/60ths of your final salary. Few, very few, get this much, though. Your occupational pension may well not be enough for your retirement. See Final Salary Scheme and Money Purchase Scheme.
A company/public sector scheme in which individual employees have membership.