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FINAL SALARY SCHEME

Statistics Directorate    
French Equivalent: Régime du dernier salaire

Definition:
A type of defined benefit plan, whereby the pension benefit is typically based on the last few years’ earnings before retirement.

Context:
Identical term, "Final earnings scheme".

Source Publication:
OECD Working Party on Private Pensions, 2005, “'Private Pensions: OECD Classification and Glossary, 2005 edition”, OECD, Paris.

Cross References:
Defined benefit pension plans - OECD
Final average earnings
Flat rate scheme

Statistical Theme: Financial statistics

Glossary Output Segments:
OECD Private Pensions

Created on Monday, January 20, 2003

Last updated on Tuesday, August 16, 2005