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FLAT RATE SCHEME

Statistics Directorate    
French Equivalent: Régime à taux uniforme

Definition:
A type of defined benefit scheme, whereby the pension benefit is only based on the length of membership in the scheme and is not affected by earnings.

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 salary scheme

Statistical Theme: Financial statistics

Glossary Output Segments:
OECD Private Pensions

Created on Monday, January 20, 2003

Last updated on Tuesday, August 16, 2005