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final-salary

British  

adjective

  1. another name for defined-benefit

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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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.

From BBC ● Aug. 24, 2018

Conventional DC schemes are well established: most companies with old-style final-salary schemes have already enrolled new employees in them.

From Economist ● Jun. 5, 2014

LONDON—U.K. public-sector workers should be switched from lucrative final-salary pension schemes to ones based on their average earnings to help reduce the burden on the government's finances, an independent report recommended Thursday.

From The Wall Street Journal ● Mar. 10, 2011

If it is a final-salary scheme it is generally best left there.

From BBC ● Dec. 15, 2010

Just as a final-salary obligation is a burden for the public purse, so private-sector pensions weigh on corporate profits.

From The Guardian ● Dec. 6, 2010

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