An occupational pension scheme that has more than one participating employer. Multi-employer schemes are either segregated, meaning that the scheme assets may only be used for a particular section of the scheme, or non-segregated, in which case there may be an element of cross-subsidy between sections. Specific legislative provisions apply to multi-employer schemes in particular areas, for example, in relation to the entry criteria for the Pension Protection Fund (PPF).
Related links
multi-employer scheme (multi-employer pension schemes)
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.