We are committed to keeping defined benefit schemes, with a guaranteed and index-linked pension level.

A defined benefit scheme requires an employer contribution north of 20%.

These are also known as salary-related or defined benefit schemes.

The decline of defined benefit schemes means we need more flexible pensions that will encourage people to save.

Defined benefit schemes also include career average schemes and their variants.

It would be much better to describe career average schemes as undefined benefit schemes.

Our employers don't offer - and can't afford to offer - a define benefit scheme.

And then they are protected from the vagaries of the stock market by a defined benefit scheme.

I would not matter a fig whether or not the money goes into your employers' pension fund because it is a defined benefit scheme.

A private sector worker not in a defined benefit scheme (that's most of us) would need to have saved £675,000 to get a similar income.