Defined Benefit Plan

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Definition:
A Defined Benefit Plan is an employer-sponsered pension plan which provides monthly benefits for retirees. A formula is used to calculate the amount each employee will receive based on earnings history, tenure and age.

Related Concepts:

Annuity
Cash Balance Plan
Deferred Compensation
 

Available Positions Related to Defined Benefit Plan:

Asset & Investment Management jobs

 

Relevant Functional Areas:
Asset Management
Pension Fund Management
 

Related Job Titles:
Defined Contribution Plan Analyst
 

Synonyms:
DB Plan
Qualified Benefit Plan
Non-Qualified Benefit Plan
Traditional Pension Plan
 

 

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