Definition of defined benefit plan in English:

defined benefit plan

Syllabification: de·fined ben·e·fit plan
(also defined benefit pension plan)

noun

  • A company pension plan in which an employee’s pension payments are calculated according to length of service and the salary they earned at the time of retirement.

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Word of the day coloratura
Pronunciation: ˌkɒlərəˈtjʊərə
noun
elaborate ornamentation of a vocal melody