The rate usually specified in the benefit formula of a defined benefit pension plan as a percentage of earnings, at which pension benefits are earned. Example: 1.4% of pensionable earnings for each year of service.

This is the rate by which a pension from an earnings-related occupational pension scheme builds up from one year to another. The rate is shown as a fraction or a percentage of the member's final yearly salary.

Percentage of salary which accumulates every year of service within an Occupational Pension Scheme.

Rate where there is an increment in pension benefits, for every year in the service .

The rate at which you build up your pension in a final salary (or defined benefit) scheme. For example, you might be building up a pension at 1/60th of your earnings for each year in the scheme by the time you retire. In this case, 30 years in the scheme would give you 30/60ths, or 1/2, of your pensionable earnings

The rate at which rights build up for each year of pensionable service in a defined benefit scheme.

Rate at which pension benefits grow within an Occupational Pension Scheme for each year in service. Usually expressed as a fraction of final salary.

The rate (or formula) used to calculate the pension benefit, in a defined benefit occupational pension scheme. The most common pension accrual rate in the UK is 1/60th of final pensionable salary for each year of pensionable service.

The rate at which money builds up in a scheme.

Annual amount by which you build up your pension in a Defined Benefit scheme.

In a defined benefit pension scheme this is the rate at which pension benefits build up for the member. They will get a certain amount for each year of pensionable service.

The rate at which pension benefit is built up as pensionable service is completed in a defined benefit scheme. Often expressed as a fraction of pensionable salary, e.g., 1/60th for each year of service.