defined benefit plan

noun
de·​fined benefit plan

Legal Definition of defined benefit plan

: a pension plan in which the amount of benefits paid to an employee after retirement is fixed in advance in accordance with a formula given in the plan

Comments on defined benefit plan

What made you want to look up defined benefit plan? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

a strong desire or propensity

Get Word of the Day daily email!

Test Your Vocabulary

Challenging Vocabulary Quiz Returns!

  • stylized drawing of woman pole vaulting across gap to get trophy
  • Which is a synonym of fuliginous?
Spell It

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ
Word Winder's CrossWinder

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!