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Risk Management - New Benefit Design

New Benefit Design (NEW!)



Many employers have now closed their Final Salary scheme to new employees and some companies have closed their Final Salary scheme to all future accrual. In most cases, they have been replaced by a Defined Contribution scheme. However, this is not the only option available to employers.

This video looks at two often talked about alternatives to the Final Salary scheme – Career Average and Cash Balance schemes. Please click on the image above to view the training video or click here to download a printer-friendly PDF version.