That payment will be only slightly less than his final salary.

Why should there be such a tremendous difference between average and final salary?

No, any pension already built up will still be linked to your final salary.

For the first two years, he receives 90 percent of his final salary.

The change is being made because the government wants to base future benefits on career average earnings rather than final salary.

Typically, those were half the employee's final average salary for the rest of his or her life.

The shift from final salary to career average will cost them each tens of thousands in total.

A target may be set based on final salary.

The over 45s who tend to stay put and demand security join final salary.

His final salary as a warrant officer, including benefits, was $25,894.