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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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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

The travails of BHS and its pension scheme have thrown a spotlight onto the health of final-salary pensions.

From BBC • May 9, 2016

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

From Economist • Jul. 25, 2013

I suggest using the state plus any final-salary pension as the first tier, and top that up to your required level with a conventional annuity.

From The Guardian • Aug. 12, 2011

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