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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

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defined-benefit

Milliman, an actuarial consulting firm, tracks the funded status of the 100 largest corporate defined-benefit plans.

From The Wall Street Journal ● Sep. 4, 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

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

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 ● Feb. 10, 2026

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