defined benefit


defined benefit
defined-benefit UK US adjective [before noun]
HR used to describe a pension arrangement in which the value of the pension is fixed, and usually decided by the length of time you worked for a company and the salary that you earned: »

a defined-benefit pension/plan/scheme

defined benefit noun [C]
HR »

Most of these occupational schemes provide defined benefits.


Financial and business terms. 2012.

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  • defined-benefit — UK US adjective [before noun] ► HR used to describe a pension arrangement in which the value of the pension is fixed, and usually decided by the length of time you worked for a company and the salary that you earned: »a defined benefit… …   Financial and business terms

  • defined benefit — deˌfined ˈbenefit 8 [defined benefit] noun a fixed amount of money that will be paid by a ↑pension plan, especially when this amount is based on your salary at the end of your working life and the number of years you worked • Companies are… …   Useful english dictionary

  • Defined Benefit — beitragsorientierte Leistungszusage; Leistung der ⇡ betrieblichen Altersversorgung, bei der sich der Arbeitgeber verpflichtet, bestimmte Beträge in eine ⇡ Anwartschaft auf Alters , Invaliditäts oder Hinterbliebenenversorgung umzuwandeln. D.B.… …   Lexikon der Economics

  • defined benefit plan — de·fined benefit plan n: a pension plan in which the amount of benefits paid to an employee after retirement is fixed in advance in accordance with a formula given in the plan Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. defined… …   Law dictionary

  • defined benefit scheme — (DB scheme): An occupational pension scheme or other retirement benefit scheme which promises the member a defined level of benefit on death or retirement. Employer s contributions have then to be determined from time to time so as to cover the… …   Law dictionary

  • defined-benefit scheme — (DB scheme): An occupational pension scheme or other retirement benefit scheme which promises the member a defined level of benefit on death or retirement. Employer s contributions have then to be determined from time to time so as to cover the… …   Law dictionary

  • Defined benefit pension plan — For the defined contribution pension plan, see Defined Contribution Pension Plan. In economics, a defined benefit pension plan is a major type of pension plan in which an employer promises a specified monthly benefit on retirement that is… …   Wikipedia

  • Defined-Benefit Plan — An employer sponsored retirement plan where employee benefits are sorted out 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… …   Investment dictionary

  • Defined Benefit Obligation — Bei der Projected Unit Credit Method (kurz PUCM, kaum verwendete deutsche Übersetzung: Verfahren der laufenden Einmalprämien) handelt es sich um ein versicherungsmathematisches Bewertungsverfahren für Verpflichtungen aus betrieblicher… …   Deutsch Wikipedia

  • defined benefit plan — A pension or other employee benefit plan that provides specified amounts of benefits to eligible participants. The specified amounts of benefits are usually determined based upon age, years of service, and/or levels of compensation. American… …   Financial and business terms