Some articles on final salary, salary:
... pension scheme, often based on final salary ... employee was typically promised a pension of a fixed proportion of their salary in the period leading up to retirement ... rules, the maximum being typically either a pension of one-sixtieth of final salary for each year of membership or a pension of one-eightieth of their salary per year of membership plus a ...
... A target may be set based on final salary ... For example, if the defined benefit plan being "targeted" has a benefit of 1.5% of the final salary for each year of credited service, payable at age 65, then ... This requires the use of actuarial assumptions of interest rates, salary growth and mortality ...
Famous quotes containing the words salary and/or final:
“But compared with the task of selecting a piece of French pastry held by an impatient waiter a move in chess is like reaching for a salary check in its demand on the contemplative faculties.”
—Robert Benchley (18891945)
“The train rounds, bending to a scream,
Taking the final level for the dive
Under the river”
—Hart Crane (18991932)