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Document What is a CARE scheme?

A Career Average Revalued Earnings (CARE) scheme is a form of defined benefit pension scheme which uses your earnings throughout your career to calculate your pension. It guarantees a specific pension benefit according to a fixed formula and it is not dependent upon investment returns. In this respect it is similar to the current final salary sections of the NHS Pension Scheme.
 
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care, care scheme, 2015 scheme, 2015