RRHH Digital Final salary scheme: Salary is a regular compensation paid by an employer to an employee. It’s a fixed amount of money in return for a specific work, excluding benefits such as health and life insurance. Frequently this regular remuneration is paid on a monthly basis over the course of the year by bank transfer or check.
A final salary scheme refers to a pension plan where the amount of an employee’s pension or benefit is based on the number of years worked for each employer and his/her final salary.
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