Mu and Pensionable salary: Difference between pages

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The Greek letter 'µ' (equivalent to the English letter m).
The salary to which the pay related formula in a Defined Benefit pension scheme is applied.
 
Used to denote the Arithmetic mean.


Pensionable salary will often be lower than total salary as a result of certain deductions (to exclude for example any overtime or bonus payments).


== See also ==
== See also ==
* [[Arithmetic mean]]
* [[Accrued benefits]]
* [[Sigma]]
* [[Defined benefit pension scheme]]
* [[Earnings cap]]
* [[Pensionable service]]


[[Category:The_business_context]]

Revision as of 14:20, 23 October 2012

The salary to which the pay related formula in a Defined Benefit pension scheme is applied.

Pensionable salary will often be lower than total salary as a result of certain deductions (to exclude for example any overtime or bonus payments).

See also