| 释义 |
`1`defined benefit plan `2`
"Nolo Everybody's Legal Dictionary":
A type of pension plan that pays a definite, pre-determined amount of money when the worker retires or becomes disabled. The amount received is based on length of service with a particular employer. Most often, the monthly benefit is a fixed amount of money for each year of service. Payments under a defined benefit plan may also be calculated as a percentage of salary over the years.
See Topic: Employment Law Retirement & Elder Care |