Career Average Revalued Earnings: Difference between revisions

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imported>Doug Williamson
(Add header.)
imported>Doug Williamson
(Generalise to refer to inflation, rather than RPI.)
 
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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 retail price inflation.
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]]
* [[Retail Prices Index]]
* [[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.


See also