Accrual Rate

Accrual Rate

The interest rate that is charged on a loan or bond but is not paid until a later date. For example, if one pays the interest on one's mortgage every month, the accrual rate is the interest rate charged to the principal of the mortgage each day of a month until the payment is made.
References in periodicals archive ?
A defined contribution pension or savings plan is the most popular way of enhancing ESBs, followed by the application of continuous service and enhancing the accrual rate, according to the report.
A BDCA II stockholder will be paid distributions based on the daily accrual rate of approximately $0.
The ordinance shall include a preamble describing the public health justification for the ordinance and conditions under which an employee may use the paid sick time as well as the following provisions: Establish an accrual rate of one hour paid sick time for every 30 hours worked that may be taken in one-hour increments; allow workers to accrue a minimum of 40 hours in a year with the ability for unused earned time to carry over to the next year, but at no time shall employers be required to allow employees to use paid sick time in excess of 40 hours in a year; accrual to begin upon employment with access to earned sick time starting when employee has been employed 90 calendar days; ordinance shall apply to all employers whose employees work within the city of Eugene.
The shift to a hybrid scheme will see staff share future pension risk, while it will mean a reduced accrual rate for future service and see employees wait five years to join, instead of the current three.
It includes a more generous accrual rate and assurances that no-one within 10 years of retirement would have to work longer or see their pension income decrease as a result.
9% of their salaries into their pension scheme, depending on their choice of accrual rate, the rate at which future benefits accumulate.
Instead, the individual will each year earn an amount of pension based on the accrual rate and his/her pensionable salary in that year.
rejected on voice vote an amendment that would have slashed the accrual rate for judges and other elected officials.
that the MHA pension plan accrual rate be reduced from 75% to 70% and that MHAs who have been elected twice and served five years be eligible for pension entitlement at 55 and
The changes include increasing the retirement age to 65, inflation capped pensionable pay increases, a lower accrual rate, capped pension increases on retirement and sharing life expectancy.