Reference meaning
final salary
Last updated
Describing a pension scheme in which an employer agrees to provide a pension payment or lump sum on retirement that is predetermined based on the employee's length of service, earnings history and age.
Source and scope
This definition is reproduced from English Wiktionary, sense en-final_salary-en-adj-vhUCIo-V, under the CC BY-SA 4.0. It has not yet received VocabularyBase editorial review. Read the source and license details.