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Definition: Pensions from individual private plans (other than those covered under ESSPROS)


Regular pensions from private plans (other than those covered under ESSPROS) (PY080G) refer to pensions and annuities received, during the income reference period, in the form of interest or dividend income from individual private insurance plans, i.e. fully organised schemes where contributions are at the discretion of the contributor independently of their employers or government.

It includes:
 - old-age, survivors', sickness, disability and unemployment pensions received as interest or dividends from individual insurance private plans.

It does not include:
 - pensions from mandatory government schemes,
 - pensions from mandatory employer-based schemes.
Commission Regulation (EC) No 1980/2003 of 21 October 2003 implementing Regulation (EC) No 1177/2003 of the European Parliament and of the Council concerning Community statistics on income and living conditions (EU-SILC) as regards definitions and updated definitions