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Glossary   >   A   >   "Accrual rate" Definition            Accrual rate The rate of build-up of a pension in a scheme where the calculation is based on salary. The accrual rate is generally expressed as some fraction - for example, sixtieths - of final pay. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Accrual rate - The rate of build-up of a pension in a scheme where the calculation is based on salary. The accrual rate is generally expressed as some fraction - for example, sixtieths - of final pay.