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  • Pensions
    the final average salary less social security primary benefits and does not apply to early retirements ... a final average retirement plan does not take direct account of cost of living increases after retirement ...

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    • Authors: Society of Actuaries
    • Date: Jun 1959
    • Competency: Technical Skills & Analytical Problem Solving
    • Publication Name: Transactions of the SOA
    • Topics: Annuities>Group plans - Annuities; Health & Disability>Disability insurance; Life Insurance; Life Insurance>Group plans - Life Insurance; Pensions & Retirement>Defined benefit plans