defined-benefit

British  

adjective

1. 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

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Example Sentences

And the shift away from defined-benefit plans to what are broadly known as defined-contribution plans accounts for roughly 92% of the increase in people working to age 65.

From MarketWatch

With a traditional defined-benefit plan, the employer absorbed the ups and downs of the market.

From MarketWatch

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

“People who say we’re not saving enough point out low levels of current savings, the decline in defined-benefit pensions and people not fully adjusting for them, increased ‘sandwich generation’ pressures of student loans and caring for parents, decreased rates of homeownership, and so on.”

From MarketWatch

The most extraordinary development in the U.S. private-sector retirement system is not the shift away from old-fashioned defined-benefit plans that began around 1980 and is virtually complete today.

From MarketWatch