Additional Voluntary Contribution

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Additional Voluntary Contribution

Also called an AVC. In the United Kingdom, a contribution to a pension over and above what one is required to contribute. For example, one may have a pension structured such that one makes a 100-pound contribution each month automatically. If one makes a supplementary 50-pound contribution, this is called an AVC. This may increase the benefits the pension pays after retirement. Employers sometimes match additional voluntary contributions.

Additional Voluntary Contribution (AVC)

an additional payment to a PENSION scheme, to supplement contributions to an occupational pension scheme.
References in periodicals archive ?
AVC got stuck in traffic on the way to Friday's game against Mt.
Men's and women's coach Mark Covert said both teams have progressed nicely in training since the Southern California Preview meet AVC hosted at the Lancaster Soccer Center on Sept.
Reedley, which beat AVC in its season opener 45-6 is ranked No.
Arnett said former travel-ball teammates Bridgett and Breanna Morales (twin sisters), who transferred to AVC too, influenced her decision to come to the Antelope Valley.
479 (56 for 165) with 23 extra-base hits and 48 RBIs, and set single-season and career AVC records for sacrifices (16 and 30).
AVC will get $700,000 in the first year, beginning in October, followed by equal amounts through 2010, according to Christos Valiotis, an AVC physics instructor who serves as grant coordinator.
48, giving AVC two state champions for just the second time in school history.
Considering AVC was just one day removed from a thrilling 2-1 Southern California Regional victory over state power Long Beach City College -- a triumph that sends AVC to the state tournament for the first time -- pretending it was just another practice day was simply not possible, nor desirable.