Home > Terms > English, UK (UE) > projected unit credit method
projected unit credit method
An actuarial valuation method that sees each period of service as giving rise to an additional unit of benefit entitlement and measures each unit separately to build up the final obligation (sometimes known as the accrued benefit method pro-rated on service or as the benefit/years of service method).
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- Part of Speech: noun
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- Industry/Domain: Financial services
- Category: Accountancy
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