final-salary — UK US adjective [before noun] FINANCE, HR ► used to describe a pension that is calculated according to the amount of money that somebody is earning when they stop work: » He was in an excellent final salary occupational scheme … Financial and business terms
final salary scheme — UK US noun [countable] [singular final salary scheme plural final salary schemes] business british a pension plan in which the amount of an employee’s pension is based on the number of years that they worked for each employer and the salary they… … Useful english dictionary
final salary pension scheme — ➔ scheme … Financial and business terms
final salary scheme — An occupational pension scheme aiming to provide, by way of pension, a proportion of an employee s income at retirement, usually dependent on the length of membership of the pension scheme and earnings near his retirement date. Related links cash … Law dictionary
final salary scheme — UK / US noun [countable] Word forms final salary scheme : singular final salary scheme plural final salary schemes business British a pension plan in which the amount of an employee s pension is based on the number of years that they worked for… … English dictionary
final salary scheme — The calculation of your pension on retirement is based on a fraction of your pensionable earnings for each year you ve been a member of the pension scheme. The most common fraction used is 1/6th and if you had been a member of the scheme from the … Financial and business terms
final salary scheme — An occupational pension scheme in which payments are determined by the employee s final salary. See: defined benefit pension scheme … Accounting dictionary
final salary scheme — An occupational pension scheme in which payments are determined by the employee s final salary. See defined benefit pension scheme … Big dictionary of business and management
final salary scheme — /ˌfaɪn(ə)l sæləri ski:m/ noun a form of pension scheme where the benefit is based on the final salary of the member and his or her years of service … Dictionary of banking and finance
salary-related scheme — A pension scheme providing benefits calculated by reference to a member s salary at or shortly before the date of retirement, death or leaving service. The employer is usually required to make contributions to a salary related scheme to ensure… … Law dictionary
