| 单词 | defined benefit plan |
| 释义 | defined benefit plan in Insurance (dɪfaɪnd bɛnɪfɪt plæn) Word forms: (regular plural) defined benefit plans noun (Insurance: Life insurance, Pensions) planA defined benefit plan is a type of pension plan that guarantees a lifetime income upon retirement based on the employee’s income and years of service. A defined benefit plan is a qualified retirement plan in which annual contributions are made to fund a chosenlevel of retirement income at a predetermined future retirement date. A defined benefit plan pays participants a specific retirement benefit that is promised in the plan document. A defined benefit plan is a type of pension plan that guarantees a lifetime income upon retirement basedon the employee’s income and years of service. |
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