CAPS and Career average pension scheme: Difference between pages
From ACT Wiki
(Difference between pages)
imported>Administrator (CSV import) |
imported>Doug Williamson m (Category added 9/10/13 and spacing) |
||
| Line 1: | Line 1: | ||
A defined benefit pension scheme where the benefit for each year of membership is related to the pensionable earnings for that year. | |||
In some such schemes the benefits may be revalued each year by a formula related to retail price inflation. | |||
== See also == | == See also == | ||
* [[ | * [[Defined benefit pension scheme]] | ||
* [[Final salary pension scheme]] | |||
* [[Retail Price Index]] | |||
[[Category:Pensions_Risk]] | |||
Revision as of 14:22, 9 October 2013
A defined benefit pension scheme where the benefit for each year of membership is related to the pensionable earnings for that year.
In some such schemes the benefits may be revalued each year by a formula related to retail price inflation.
