Management Glossary

  Search Results: defined benefit plan
defined benefit plan
A pension plan in which the amount that will be paid out to the beneficiary of the plan on retirement is defined in advance and does not depend on the returns received on the plan's investments. If there are insufficient funds to pay out the defined benefit, the plan sponsor must make up the difference.
Contributed by: ManagerWise Staff
See: defined contribution plan, return on investment

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