defined-benefit

adjective

denoting an occupational pension scheme that guarantees a specified payout, usually based on an employee's final salary and years of serviceAbbreviation: DB Also called: final-salary

Nearby words

  1. defile,
  2. defilement,
  3. definable,
  4. define,
  5. defined,
  6. definiendum,
  7. definiens,
  8. defining,
  9. defining moment,
  10. definite

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