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Professionals: Short-term » Knowledge Base
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Knowledge Base
 | BASIC BUSINESS GUIDELINES (EX MM III) |
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From The Glossary » | Accrued Benefits (Pension Fund): |
| | The benefits for service up to a given point in time. This may be calculated in relation to current pensionable earnings or projected final pensionable earnings. A member is not necessarily entitled to receive accrued benefits should he leave the scheme prior to retirement. Another common meaning is the benefits that would be payable if all the members left service. | | More Definitions » |
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