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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 November 1, 2018
by Mike Rawson · Published March 23, 2018 · Last modified July 22, 2019
by Mike Rawson · Published November 30, 2017 · Last modified June 18, 2020
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For a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.
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