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Glossary > U > "Unit benefit formula" Definition

Unit benefit formula

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

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Unit benefit formula - Method used to determine a participants benefits in a defined benefit plan. Involves multiplying years of service by the percentage of salary.

Unit benefit formula : method used to determine a participants benefits in a defined benefit plan. involves multiplying years of service by the percentage of salary.