PET - Plain English Taxonomy

Attribute: OI12045
Concept:
Label: Weighted average term due to members
Concept Guidance:
This is, as at the relevant date, of the weighted average in years of benefit payments due to members under benefit arrangements. 
Dimensions
Dimension Member Description
(AccruedBenefit)
This dimension categorises the reported data according to information based on the type of benefit applicable.
The reported information relates to the benefits to which members have an absolute or potential entitlement on. Includes: Any amount that would be payable out of those benefits to the member's spouse or former spouse under a payment split.
(DefinedBenefit)
This dimension classifies information based on the members' interest type.
The information reported relates to members' interest classified as defined benefit interest or a defined benefit pension. This represents interests that are pre defined based on a formula using factors such as salary history and duration of employment. Investment risk and portfolio management are entirely under the control of the company.