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Employees accrue a notional benefit each year which is converted into an income at retirement, using annuity rates.
It's like the doctor giving a very good operation, but if you can't get to the doctor because of bureaucracy or something else, it's a pretty notional benefit.
Reasons for the relative advantage of the telehealth arm in recruitment and retention are unclear, though it is consistent with the principle of reciprocity; people receiving a notional benefit (such as telehealth) are more likely to comply with subsequent requests.
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Without the financial muscle to achieve even the notional benefits of vertical integration, it resembled an investment trust more than a modern communications company.
But rather than relying on the financial markets to turn contributions into fatter pension benefits, notional schemes work on an actuarial formula that takes account of how well the economy has done and how long someone is expected to live.
In contrast, the valuation of benefits is notional.
The notional value of defined-benefit pensions rose as interest rates fell: a larger pot of assets is needed to generate the same pension income.
It looks at the benefit to a notional gene that promotes self-sacrifice.
In calculating total earnings IDS includes a range of payments and benefits, including the notional and actual value of share option gains, and the total cash value of long-term incentive plans.
For now, however, its benefits are strictly notional.
The figure of 600,000 used by Scope included "notional losers who never get on the benefit in the first place", she added.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com