final-salary pension
Frequency: 6.88.4 per million words
a pension plan where the amount paid is based on the employee's salary at the time of retirement
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Examples (10)
- Many older employees worry about the future of their final-salary pension schemes.
- The company announced it would be closing its final-salary pension to new members.
- She was fortunate to join a final-salary pension plan early in her career.
- Final-salary pensions offer a guaranteed income based on your last salary.
- Due to rising costs, fewer employers now offer a final-salary pension.
- The government is reviewing the sustainability of final-salary pension liabilities.
- Employees with a final-salary pension often feel more secure about retirement.
- Switching from a final-salary pension to a defined contribution scheme can be controversial.
- My grandfather received a generous final-salary pension throughout his retirement.
- The debate over the fairness of final-salary pension benefits continues.