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What is the accrual rate?
The accrual rate is the rate of build-up of a pension in a pension scheme where the calculation is based on salary. The accrual rate is generally expressed as a fraction - for example, sixtieths - of final pay.
For members of the 1995 section of the scheme:
- Officer - 1/80th of final salary
- Practitioner -1.4% career earnings
For members of the 2008 section of the scheme:
- Officer - 1/60th of final salary
- Practitioner - 1.87% Career earnings
Fields
| Description: |
accrual, accrual rate |
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