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Final salary
Meaning
Adj
●
In British English & Pensions:
Describing a
pension
scheme
in which an
employer
agrees
to provide a
pension
payment
or
lump sum
on
retirement
that is
predetermined
based on the employee's
length
of service,
earnings
history
and age.
Sourced from
Wiktionary
Synonyms
Defined Benefits
Antonyms
Defined Contributions
Money Purchase
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