Accrued benefits funding method

Pensions - defined benefit schemes.

A pensions funding method in which the actuarial valuation at the valuation date relates to the actual benefits for pensioners and deferred pensioners and their dependants and the accrued benefits of active members.

Allowance will generally need to be made for future increases to salaries and benefits and for new members and early leavers.

See also

• Actuarial valuation
• Current unit method
• Defined benefit pension scheme
• Discontinuance method
• Funding
• Funding method