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Defined benefit: pension scheme where the amount paid is calculated from a formula, usually linked to pay and length of time in the scheme.
« Back to Glossary Indexby Mike Rawson ·
Defined benefit: pension scheme where the amount paid is calculated from a formula, usually linked to pay and length of time in the scheme.
« Back to Glossary Index
by Mike Rawson · Published September 12, 2017
by Mike Rawson · Published March 8, 2018 · Last modified June 18, 2020
by Mike Rawson · Published April 15, 2016 · Last modified March 28, 2018
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Good judgement comes from experience, and experience comes from bad judgement.

