3fae9351_pport___The_Pensions_Regulator__Term
[Definition] A structure in the recovery plan which provides for employer contributions to increase in future years at specified increases if specified targets are missed or if a defined contingent event occurs. A level recovery plan with a single step would have employer contributions which are level until the year of the step payment and then remain level at the higher rate thereafter. [Term] 
Step payments
Monitoring employer support | The Pensions Regulator
Term