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P. P/ P& Pa Pc Pd Pe Ph Pi Pl Pm Pn Po Pp Pr Ps Pt Pu Py
Pa( Pac Pad Pai Pal Pan Pap Par Pas Pat Pau Paw Pax Pay

Past service reserve

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Method of calculating the value of a member’s pension scheme benefits. It takes account of reserves in a final salary scheme to cover future salary increases due to inflation and career enhancement.

Insurance Area: RAW, UK

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