English: Cash Equivalent Transfer Value

Part of speech

Noun, Masculine, Singular

Plural

Gwerth Trosglwyddo sy'n Cyfateb i Arian

Definition

A Cash Equivalent Transfer Value (CETV) is the actuarially assessed capitalised value of the pension scheme benefits accrued by a member at a particular point in time.

Notes

Term o faes cyfrifyddu.