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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 February 18, 2015 · Last modified October 20, 2016
by Mike Rawson · Published March 30, 2020
by Mike Rawson · Published February 27, 2023
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In the short run, the market is a voting machine; in the long run, it’s a weighing machine.
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