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

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

From The Wall Street Journal

Many still draw defined-benefit or generous public pensions, a rare anchor of income stability in a credit-stressed economy.

From Barron's

At the same time, following World War II, employers began to expand retirement benefits for their full-time employees, providing them with defined-benefit pensions and other important benefits for old age.

From Salon

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

From Salon

And if Boeing were to restore the defined-benefit pension, it would be pioneering a reversal of a longtime trend in corporate America to get rid of such plans.

From Seattle Times