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Accumulated Service
Definition
Years of service to an organization such as a government or corporation by a pension plan participant.
Using the term Accumulated Service :
When contemplating retirement, ensure that you are aware of your years of accumulated service and when you will reach your desired target level of future payout.
Pay Special Attention To :
Pensions are not guaranteed and may change at any time. Ensure that you have saved other money for retirement aside from only relying on your pension plan. Everyone should have a rainy day fund.
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Related terms
Defined Benefit Pension Plan , Social Security
