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

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defined-benefit

He said that British defined-benefit pension programs in the past had 50% exposure to local equities — today, that exposure is about 5%.

From MarketWatch ● Sep. 15, 2026

Shift pensions from defined-benefit to defined-contribution models, and move risk off government balance sheets, as Australia did in the 1980s and 1990s.

From The Wall Street Journal ● Jul. 14, 2026

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 ● Feb. 27, 2026

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 ● Feb. 10, 2026

These products function much like Social Security or traditional defined-benefit pensions, offering longevity protection rather than investment performance.

From The Wall Street Journal ● Jan. 3, 2026

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