Definitions for "Accrual Rate"
The rate usually specified in the benefit formula of a defined benefit pension plan as a percentage of earnings, at which pension benefits are earned. Example: 1.4% of pensionable earnings for each year of service.
This is the rate by which a pension from an earnings-related occupational pension scheme builds up from one year to another. The rate is shown as a fraction or a percentage of the member's final yearly salary.
Percentage of salary which accumulates every year of service within an Occupational Pension Scheme.
Keywords:  accumulation, account
Accumulation Account