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

From BBC • Oct. 12, 2022

In the public sector, however, the full cost of final-salary pensions has been disguised by iffy accounting.

From Economist • Jul. 25, 2013

The new scheme will be a one, rather than the final-salary versions that operate at present.

From BBC • Aug. 1, 2012

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

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