Career Average Revalued Earnings: Difference between revisions
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imported>Doug Williamson (Identify basis of revaluation.) |
imported>Doug Williamson (Add header.) |
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''Pensions - defined benefit schemes''. | |||
(CARE). | (CARE). | ||
Revision as of 16:53, 11 July 2018
Pensions - defined benefit schemes.
(CARE).
The basis for a defined benefit pension scheme where the benefit for each year of membership is related to the pensionable earnings for that year, adjusted for inflation.
In some such schemes the benefits may be revalued each year by a formula related to retail price inflation.
