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Defined benefit plan

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.

Related Terms: 8 Base, Bear, Contribution, ECI, Pension, Pension plan, Retire, Risk
Other Related Pages: Category: Retirement Starting With: D
Semi Related Terms: 505 CLICK HERE TO VIEW