Unit Benefit Formula

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Unit benefit formula

Method used to determine a participant's benefits in a defined benefit plan. Involves multiplying years of service by the percentage of salary.

In a defined-benefit plan, a method used to determine how much money the beneficiary receives each month. A defined-benefit plan is a retirement plan or other annuity in which the annuitant knows in advance how much he/she will be entitled to when he/she begins receiving payments. The unit benefit formula is thus stated in the annuity contract and is usually some function of the amount the annuitant contributed combined with the number of years he/she contributed.

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No references found			Although teachers' unit benefit formulas are usually less generous than those for general employees, any savings from slowing state employment may be offset by increases in added teacher employment. Pension liabilities as a credit factor by Young, Parry / Government Finance Review			Uninvested Union aduanera Union Busting Union Contract Union de Paises Exportadores de Banano Union douaniere Union Label Union monetaire Union monetaria union mortgage clause Union Recognition Union Salting Union Scale Union/Non-Union Wage Differential Unique Character Unique Diversification Benefit Unique Impairment Unique Records Unique risk Unique Three-Digit City Unisex Legislation Unissued Capital Stock Unissued Stock Unit Unit Banking Unit Benefit Formula Unit Convertible Unit Cost Unit Growth Unit Holder Unit Investment Trust Unit Load Unit of Account Unit of Trading Unit Sales Unit Share Unit Share Investment Trust Unit Trust Unitary Falloff Unitary Tax Unitary Thrift United Arab Republic United Auto Workers United Nations United Nations Children's Fund United Nations Commission on International Trade Law United Nations Conference on Environment and Development United Nations Conference on Trade and Development United Nations Development Programme United Nations Economic Commission for Africa United Nations Economic Commission for Latin America and the Caribbean			Unit AIMNET Manager unit air conditioner unit aircraft Unit Airman Record Unit Allocation Type Unit analysis Unit and Teaching Evaluation Instrument Unit Appreciation Rights Unit Area unit assembly Unit Assembly Area Unit Atom Model Unit Automated Reservation System Unit Automatic Exchange Unit Auxiliary Transformer Unit Aviation Officer Unit ball Unit Banking Unit Basic Load Unit Behind Eyeball Vehicle, Ready to Take Lead Unit Being Calibrated Unit Benefit Unit Benefit Approach Unit Benefit Approaches Unit Benefit Formula Unit Benefit Formulas Unit Benefits unit binormal Unit body construction Unit body construction Unit Business Team Unit Candidate List Unit Capability Factor Unit Capability Loss Factor Unit Capability Measurement System Unit Carcinogenic Risk Unit Career Advisor unit cell unit cell unit cells unit cells unit character unit charge Unit Charter Renewal System Unit Chemical Defense Study Unit circle Unit Classification Committee unit clerk unit clerk unit clerk unit clerk Unit Climate Assessment Unit Combat Power unit combat readiness Unit Command Climate Assessment and Survey System

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