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.

Unit Benefit Formula

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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Contract notice: Rental and maintenance of photocopying machines and accessories, and related software for copying the town of suresnes unit benefits.
The unit benefits from a prime location close to the A10 and M25.
The unit benefits from four loading doors and there is an opportunity to split the building into two units of 9,671 sq ft each.
The unit benefits from nearby communal parking and is ideally located with easy access to the A45/A46 Eastern Bypass
This unit benefits from 3 phase electricity, eaves height of 12.
The unit benefits from suspended ceilings throughout with inset diffused fluorescent strip lighting, carpeting throughout with the workshop areas having a finished concrete surface.
ENVIABLE LOCATION: This substantial two bay unit benefits from having two storey office accommodation as well as car parking facilities.
The unit benefits from a good residential catchment in the immediate vicinity and has easy access to the ring road and the main arterial roads to the city centre.
The ioCentre is located on the Coventry Business Park in a landscaped environment, where each unit benefits from on-site car parking.
The pristine unit benefits from double glazing, gas fired central heating and a useful workshop unit at the rear with car access.
The unit benefits from suspended ceiling, ducted waste extraction and air handling system beneath the new roof coverings.
Internally, the unit benefits from a blockwork built office, two toilets with lobbies, a ducted warm-air heater unit, a kitchen with a stainless steel sink unit and a mezzanine storage area over the offices and toilets.