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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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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

From MarketWatch • Mar. 24, 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

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

A pension, a defined-benefit plan, relies on employer rather than employee contributions.

From Salon • Oct. 29, 2024

While IAM members expect the wage rates to be raised substantially in the coming contract, Holden said many are also asking him to try to get the defined-benefit pension back.

From Seattle Times • Nov. 6, 2023

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