LLMDB

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The Lifelong Labour Market Database (LLMDB2) is a panel data set, owned by the Department for Work and Pensions in Britain. LLMDB2 holds a 1% sample from the new National Insurance Recording System (NIRS2) and is a fully representative sample of around 600000 people. LLMDB2 started to record the income and other characteristics of its individuals in 1978. It is especially useful for the analysis of private pension contributions. It is used for the Pensim2 microsimualtion model.

In statistics and econometrics, panel data or longitudinal data are multi-dimensional data involving measurements over time. Panel data contain observations of multiple phenomena obtained over multiple time periods for the same firms or individuals.

Department for Work and Pensions United Kingdom government ministerial department

The Department for Work and Pensions (DWP) is the largest government department in the United Kingdom, and is responsible for welfare and pension policy.

Sample (statistics) set of data collected and/or selected from a statistical population by a defined procedure

In statistics and quantitative research methodology, a data sample is a set of data collected and the world selected from a statistical population by a defined procedure. The elements of a sample are known as sample points, sampling units or observations.

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Retirement point where a person ceases employment permanently

Retirement is the withdrawal from one's position or occupation or from one's active working life. A person may also semi-retire by reducing work hours.

Standard deviation dispersion of the values of a random variable around its expected value

In statistics, the standard deviation is a measure that is used to quantify the amount of variation or dispersion of a set of data values. A low standard deviation indicates that the data points tend to be close to the mean of the set, while a high standard deviation indicates that the data points are spread out over a wider range of values.

Stratified sampling

In statistics, stratified sampling is a method of sampling from a population.

A pension is a fund into which a sum of money is added during an employee's employment years, and from which payments are drawn to support the person's retirement from work in the form of periodic payments. A pension may be a "defined benefit plan" where a fixed sum is paid regularly to a person, or a "defined contribution plan" under which a fixed sum is invested and then becomes available at retirement age. Pensions should not be confused with severance pay; the former is usually paid in regular installments for life after retirement, while the latter is typically paid as a fixed amount after involuntary termination of employment prior to retirement.

Pension fund

A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income.

Sampling (signal processing) measurement of a signal at discrete time intervals

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The t-test is any statistical hypothesis test in which the test statistic follows a Student's t-distribution under the null hypothesis.

Standard error statistical property

The standard error (SE) of a statistic is the standard deviation of its sampling distribution or an estimate of that standard deviation. If the parameter or the statistic is the mean, it is called the standard error of the mean (SEM).

The Government Pension Fund of Norway comprises two entirely separate sovereign wealth funds owned by the government of Norway.

Employee Retirement Income Security Act of 1974 U.S. tax and labor law

The Employee Retirement Income Security Act of 1974 (ERISA) is a federal United States tax and labor law that establishes minimum standards for pension plans in private industry. It contains rules on the federal income tax effects of transactions associated with employee benefit plans. ERISA was enacted to protect the interests of employee benefit plan participants and their beneficiaries by:

In the United Kingdom, the retail prices index or retail price index (RPI) is a measure of inflation published monthly by the Office for National Statistics. It measures the change in the cost of a representative sample of retail goods and services.

Pensions in the United Kingdom can be categorised into three major divisions and seven sub-divisions, covering both defined benefit and defined contribution pensions.:

AG2R La Mondiale cycling team

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Income in the United Kingdom National income overview

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Ros Altmann UK pensions expert and campaigner

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The National Pension System (NPS) is a voluntary defined contribution pension system in India. National Pension System, like PPF and EPF is an EEE (Exempt-Exempt-Exempt) instrument in India where entire corpus escapes tax at maturity and entire pension withdrawal amount is tax-free.

Pensions in Norway fall into three major divisions; State Pensions, Occupational Pensions and Individual or personal Pensions.

National Social Assistance Scheme

The National Social Assistance Programme (NSAP) is a Centrally Sponsored Scheme of the Government of India that provides financial assistance to the elderly, widows and persons with disabilities in the form of social pensions.