Defined benefit pension scheme

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Revision as of 16:46, 5 August 2013 by imported>Doug Williamson (Spacing and indentation)
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(DB).

A pension scheme that provides benefits based on how much a member is paid and the number of years they have been in the scheme; also known as pay related schemes (one example of which is a final salary scheme).

Such schemes may be funded or unfunded.

See also