Gender ground

Discrimination by reference to gender is discrimination on the gender ground. Gender means male or female gender.

Gratuity

A tax free lump sum payment, payable at pension age or on death, which may be subject to abatement. See also "short service gratuity" and "marriage gratuity".

Ground of race

Discrimination by reference to race, colour, nationality, ethnic or national origins is discrimination on the ground of race.

Group policy

An insurance policy issued to cover more than one individual.

Guaranteed annuity option

A right to apply the proceeds of an insurance policy to purchase an annuity at a rate guaranteed in advance in the policy.

Guaranteed payment period

A period, normally five years, for which payment of a pension would be guaranteed by the scheme rules, whether the pensioner lives or dies.