FSP

(redirected from Final Salary Plan)
AcronymDefinition
FSPFree State Project
FSPFlexible Service Processor
FSPFonds de Solidarité Prioritaire
FSPFood Safety Program (various locations)
FSPFaculté de Santé Publique (French: School of Public Health; Belgium)
FSPFolsomStatePrison
FSPFood Security Policy (various organizations)
FSPFull Sports Package
FSPFreestyle Profiler
FSPFibre Channel Service Protocol
FSPFile Service Process
FSPFax Service Provider
FSPFile System Process
FSPFast Print
FSPFreeway Service Patrol
FSPFédération Suisse des Psychologues (French: Federation of Swiss Psychologists; Switzerland)
FSPFunctional Sentence Perspective (linguistics)
FSPFile Service Protocol
FSPField Sampling Plan
FSPFaculté des Sciences Sociales et Politiques (French: School of Social and Political Sciences; Belgium)
FSPFull Size Project (various organizations)
FSPFull Service Provider
FSPFédération Suisse de Pêche (French: Swiss Federation of Fishing; Switzerland)
FSPFreedom Socialist Party
FSPFamily Strengthening Programme (various locations)
FSPForest Stewardship Program
FSPFlowshop Scheduling Problem (algorithms)
FSPFinancial Service Provider
FSPFire Stand Pipe
FSPFiber Service Platform (ADVA Optical Networking)
FSPForce Sécurité Protection (French: Protection Security Force)
FSPSociety of Financial Service Professionals (Newtown Square, PA)
FSPFédération Suisse de Pétanque (French: Swiss Federation of Petanque; Switzerland)
FSPFonds Suisse pour le Paysage (French: Swiss Landscape Fund; Switzerland)
FSPFranconia Sculpture Park (Minnesota)
FSPFacility Security Plan
FSPFamily Support Plan
FSPFormation en Situation Professionnelle (French vocational training)
FSPFacilities and Services Planning
FSPForo de São Paulo (Portuguese: Sao Paulo Forum; political conference; est. 1990)
FSPFood Service Partners (est. 1998)
FSPFamilial Spastic Paraplegia (medical disorder)
FSPFunding of Schools Program (Canada)
FSPSt Pierre, St. Pierre And Miquelon (Airport Code)
FSPFinancial Services Practitioner
FSPFederation Service Proxy (verification certificate)
FSPFood Safety Professional (various organizations)
FSPFoundation for the Peoples of the South Pacific (Australia)
FSPField Studies Program (Army Logistics Management College)
FSPFinancial Sustainability Plan (WHO)
FSPField Service Planning
FSPFull Scale Production
FSPFiglie di San Paolo (Italian: Daughters of Saint Paul; religious institute)
FSPFiltration Systems Products (various locations)
FSPFinite State Process (Java programming and documentation tool)
FSPFinancial Stability Partnership (various organizations)
FSPFaculty Scholars Program (various schools)
FSPFighting Steel Project (gaming)
FSPFederal Stimulus Package (economics)
FSPFallback Status Point (Microsoft System Center Configuration Manager 2007)
FSPFile Slurping Protocol
FSPFaculty/Staff Parking (various universities)
FSPFree Scotland Party (political party; UK)
FSPFood Stamp Plan (federal nutrition plan)
FSPFinal Standard Profile (optical disk feature)
FSPFragment Simulating Projectile
FSPFull Scale Pressure
FSPForensic Server Project (computer architecture)
FSPForce Support Package
FSPFree Space Photonics
FSPFlight Safety Part
FSPFinancial Services Platform (wireless services and internet banking)
FSPFire Suppression Panel
FSPFinancial Sector Program
FSPFloating Shock Platform
FSPFederated Sentient Planets (gaming)
FSPFuerza de Seguridad Pública (Public Safety Force, Honduras; also FUSEP)
FSPForeign Service Premium
FSPFloridians for a Sustainable Population
FSPFukushima Sky Park (Japan)
FSPFuji Safari Park (Japan)
FSPFlight Strip Printer
FSPFishery Sector Program (Philippines)
FSPFull Scope Polygraph
FSPFamily Support Partner
FSPFemaleScienceProfessor (blog)
FSPFibrin Split Product
FSPFlash Streaming Player (streaming video)
FSPFallensword Points (gaming)
FSPFrame Sync Polarity
FSPFull-Scale Prototype
FSPFrame Supervisory Panel
FSPForward Supply Point
FSPFacility Support Plan
FSPFinished Screen Porch (building code)
FSPFire Support Plan
FSPFacility Safety Procedure
FSPFunctional Specification Package
FSPFacility Security Profile
FSPFire and Security Products
FSPFair Share Policy (multicast networks)
FSPForeign Service Pay
FSPForward Support Package
FSPfuel-sucking pig (gas guzzler)
FSPFacilities Solution Provider
FSPFemale Sex Partner
FSPFrequency-Selective Polarizer
FSPForward Support Platoon
FSPFixed Job Scheduling Problem
FSPFilles de St. Paul (Daughters of Saint Paul - Boston nun order)
FSPFailure Simple Path
FSPFault Servicing Point
FSPFederal Stamp Program
FSPFuel Storage Point
FSPFiber Service Provider
FSPFactory System Performance
FSPFlight Simulator Pro 2002 (Microsoft)
FSPField Surveillance Program (Patriot missile)
FSPFournisseur de Matières Premières
FSPFunctional System Prototype
FSPFinal Salary Plan (employee pension plan)
FSPFunding Service Partner (Sprint)
FSPField Signal Processor (sensors)
FSPFASB (Financial Accounting Standards Board) Staff Position (Norwalk, CT)
References in periodicals archive ?
This is measured differently according to whether the pension is a defined contribution plan (like a personal pension) or defined benefit plan (like a final salary plan, or similar).
"We fully understand the strength of feeling prompted by our decision to close our final salary plan. However, it was based on a belief that making tough choices, including changing our existing pension arrangements, is the right thing to do for our business, and our 7,000 people, to help ensure Unilever's long-term competitiveness in the UK.
But the increased longevity of former employees and poor returns from the stock market during the early 2000s has led to a pounds 700m 'black hole' developing in M&S's final salary plan. The scheme has around 123,000 members.
The career average plan yields a $9,000 annual pension ($15,000 career average salary x 2 percent x 30 years), whereas the final salary plan yields a $10,500 annual pension ($35,000 final salary x 1 percent x 30 years).
A spokesman for Unilever said: "We fully understand the strength of feeling prompted by our decision to close our final salary plan.
Mr Coppock added that the decision covered all members of the Philips UK Final Salary Plan, not just the workers in Durham.
Those with defined contribution policies now see just 6.2% of their pay put into a pot by employers, compared with 15.8% on a final salary plan.
Rentokil Initial - The firm said in December existing staff would not accrue future benefits in their final salary plan, it will also put pounds 200 million into its scheme as part of a series of payments to close its deficit.
RBS stressed that it needed to tackle an pounds 800million shortfall in the final salary plan it closed in 2006 to new recruits.
These are often like personal or stakeholder pensions - based directly on contributions invested and the returns they have generated - rather than a traditional final salary plan.
'It is incumbent on both sides, employers and their staff, to ensure pension provision, but there's no point bankrupting your business to maintain a final salary plan,' he said.
Mr Rubenstein, whose body aims to rescue failed final salary plans, said: "It is misleading to allow people to expect promised pensions when there is only enough money to pay about 60%."