Accrued benefits

Pensions.

The benefits for service up to a given point of time in a defined benefit pension scheme, whether or not vested.

They may be calculated in relation to current salary or projected salary and allowance may also be made for statutory or discretionary revaluation.

See also

• Accrued benefit obligation
• Pension fraction
• Pensionable salary
• Revaluation
• Service
• Vesting