Final salary scheme

Resource type: Glossary Item

Status: Maintained

Jurisdiction: United Kingdom

An occupational pension scheme (www.practicallaw.com/A36529) aiming to provide, by way of pension, a proportion of an employee’s income at retirement, usually dependent on the length of membership of the pension scheme and earnings near his retirement date.

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Resource ID: 2-107-5748
Products: PLC Glossary, PLC Magazine (UK), PLC UK Construction, PLC UK Corporate, PLC UK Dispute Resolution, PLC UK Employment, PLC UK Environment, PLC UK Law Department, PLC UK Pensions, PLC UK Property, PLC UK Public Sector, PLC UK Share Schemes & Incentives
This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.

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