Career Average Revalued Earnings: Difference between revisions
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imported>Doug Williamson (Identify basis of revaluation.) |
imported>Doug Williamson (Generalise to refer to inflation, rather than RPI.) |
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''Pensions - defined benefit schemes''. | |||
(CARE). | (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. | 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 | In some such schemes the benefits may be revalued each year by a formula related to inflation. | ||
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* [[Defined benefit pension scheme]] | * [[Defined benefit pension scheme]] | ||
* [[Final salary pension scheme]] | * [[Final salary pension scheme]] | ||
* [[ | * [[Inflation]] | ||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
Latest revision as of 21:33, 9 February 2022
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 inflation.
