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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 July 28, 2021
by Mike Rawson · Published May 6, 2016 · Last modified June 16, 2020
by Mike Rawson · Published January 10, 2018 · Last modified February 17, 2018
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There are 100 billion stars – fewer than the deficit. They are economical not astronomical numbers.