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.
Zoran welcomes Nero's AVC initiative to improve interoperability for consumer devices.
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.
The bandwidth savings of our industry leading MPEG-4 AVC encoding and the efficiency of our IP systems enable DTT operators such as NTV to make their business models work and to look forward to introducing new compelling consumer services such as interactive, on-demand and high definition television that help to attract and retain viewers," says Eric Baron, President of TANDBERG Television EMEA.
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.
TANDBERG Television (OSE:TAT) is unveiling its next-generation high definition (HD) and standard definition (SD) MPEG-4 AVC encoding solutions at IBC 2006 (Hall 1:461).
48, giving AVC two state champions for just the second time in school history.
As part of the solution, TANDBERG Television will provide its sophisticated MPEG-4 AVC compression system using TANDBERG EN5930 encoders to IPTV Americas' head-end, enabling telcos to deliver more high-quality content to subscribers.
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.