benefit approach to pensions

benefit approach to pensions　养老金效益法　

term used when determining the amount of pension benefits applicable for services rendered to date and present value of these benefits.The two benefit approaches are the accumulated benefits approach and the benefits/years-of service（projected unit credit）approach.With the former，pension expense and related liability are determined each year based on years of service to date using existing salary levels.With the latter，pension expense and liability are based on final salary.