final-salary

adjective

1. another name for defined-benefit

Example Sentences

Often known as final-salary schemes, these pensions pay a proportion of people's salary at the point they retire.

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The Pension Regulator wanted to ensure Samuel Smith was earning enough money to support the final-salary pension schemes of its employees, but its owner, Humphrey Smith, dismissed the request as “tiresome”.

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For example, were interest rates to fall again or should company profits fall, this could put pressure on the longevity of employers' final-salary schemes, which could close.

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Pension advice - specifically firms encouraging savers to leave a defined benefit, or final-salary, deal to move to investment-based products - will come under the microscope.

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Young academic staff already in the scheme are being promised they will be paid a final-salary pension in 40 or 50 years' time.

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