defined-benefit

British

adjective

Also called: final-salary. DB. denoting an occupational pension scheme that guarantees a specified payout, usually based on an employee's final salary and years of service

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The Calpers investment office manages assets on behalf of more than 2 million members, making it the largest defined-benefit public pension in the country.

From Barron's

“People who say we’re not saving enough point out low levels of current savings, the decline in defined-benefit pensions and people not fully adjusting for them, increased ‘sandwich generation’ pressures of student loans and caring for parents, decreased rates of homeownership, and so on.”

From MarketWatch

The most extraordinary development in the U.S. private-sector retirement system is not the shift away from old-fashioned defined-benefit plans that began around 1980 and is virtually complete today.

From MarketWatch

Even those who agree that its administrative burden and costs may have contributed to the demise of defined-benefit plans still laud its protections.

From MarketWatch

—Paul Peterson, Illinois ➡️ Editor’s note: Defined-benefit pension plans have long invested in alternative assets.

From The Wall Street Journal

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023