See Also: Defined benefit plan(money)
Defined benefit plan(finance)
DEFINED BENEFIT PLAN(law)
Defined contribution plan(money)
DEFINED CONTRIBUTION PLAN(law)
Defined contribution plan(finance)
Target benefit plan(finance)
Money purchase plan(money)
Money-purchase pension plan(finance)
Savings Incentive Match Plan for Employees (SIMPLE) 401(k) plan(finance)

Defined benefit plan (money)


Definition: [crh] A pension plan obliging the sponsor to make specified dollar payments to qualifying employees at retirement. The pension obligations are effectively the debt obligation of the plan sponsor. Related: Defined contribution plan