Friday, 24 November 2017

    Jargon Buster: Defined Benefit

    A pension scheme which provides its members with a pre-determined level of pension on retirement, usually a proportion of their salary relative to the number of years they have worked for the employer. ‘Final salary’ schemes are the most common type but other forms include career average schemes.

     

    Have your say

    Please add your comment. Remember that submission of comments is governed by our Terms and Conditions. You can include links, but HTML is not permitted.

    Mandatory
    Mandatory
    Mandatory
    Mandatory



    Engaged+Investor+Email+alerts