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Defined Benefit (DB) pensions: What you need to know

Making Money

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Understanding Defined Benefit Pensions

This chapter delves into the mechanics of defined benefit pensions, including the traditional 80ths system and career average revalued earnings schemes. It discusses the impact of recent regulatory changes on public sector roles, particularly in the NHS, and the implications of the McLeod judgment on pension discrimination. The chapter also highlights the complexities faced by educators and employers in managing pension funds amidst financial pressures.

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