defined benefit plan

Definition
A company retirement plan, such as a pension plan, in which a retired employee receives a specific amount based on salary history and years of service, and in which the employer bears the investment risk. Contributions may be made by the employee, the employer, or both.




defined benefit plan is ...
... part of the
Retirement subject.


Related Terms

defined contribution plan -  More
cash-balance plan -  More
superannuation -  More
floor plan, overfunded pension plan


defined benefit plan appears in the definitions of these other terms on BusinessDictionary.com

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