Share this entry

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

Definition of defined benefit plan in English:


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.

Share this entry


What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources