DB Pension help
Discussion
Normally each year of contributing to a DB scheme "buys" you a fraction of that years (or if you are really lucky your final salary's) income , say 1/60th or similar. Can you find those figures for the two schemes?
CARE actually stands for "Career Average Revalued Earnings" as the pension is valued as an averaged fraction of your earnings over the years you are in it.
CARE actually stands for "Career Average Revalued Earnings" as the pension is valued as an averaged fraction of your earnings over the years you are in it.
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