Defined benefit pension scheme: Difference between revisions

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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).   
(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.
Such schemes may be funded or unfunded.
Relevant accounting standards include Section 28 of FRS 102.


== See also ==
== See also ==
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* [[Defined contribution pension scheme]]
* [[Defined contribution pension scheme]]
* [[Final salary pension scheme]]
* [[Final salary pension scheme]]
* [[FRS 17]]
* [[FRS 102]]
* [[Funded scheme]]
* [[Funded scheme]]
* [[Funding]]
* [[Funding]]
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* [[Pensionable service]]
* [[Pensionable service]]
* [[Unfunded scheme]]
* [[Unfunded scheme]]


[[Category:Manage_risks]]

Latest revision as of 15:48, 11 July 2018

(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.


Relevant accounting standards include Section 28 of FRS 102.


See also