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P. P/ P& Pa Pc Pd Pe Ph Pi Pl Pm Pn Po Pp Pr Ps Pt Pu Py
Pea Pec Ped Pee Pel Pen Peo Pep Per Pet

Pension fraction

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The fraction used in working out a member’s pension entitlement in a final salary scheme. The pension may be one-sixtieth for each year of pensionable service up to a maximum of two-thirds of final salary.

Insurance Area: RAW, UK

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