Career average pension scheme: Difference between revisions
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In some such schemes the benefits may be revalued each year by a formula related to retail price inflation. | In some such schemes the benefits may be revalued each year by a formula related to retail price inflation. | ||
Also given the title Career Average Revalued Earnings (CARE). | |||
Revision as of 14:07, 11 July 2018
A defined benefit pension scheme where the benefit for each year of membership is related to the pensionable earnings for that year.
In some such schemes the benefits may be revalued each year by a formula related to retail price inflation.
Also given the title Career Average Revalued Earnings (CARE).
