A company retirement plan, such as a pension plan, in which a retired employee receives a specific amount based on salary history and years of service, and in which the employer bears the investment risk. Contributions may be made by the employee, the employer, or both.
Related information about defined benefit plan:
- Defined benefit pension plan - Wikipedia, the free encyclopedia
In the United States, 26 U.S.C. § 414(j) specifies a defined benefit plan to be any pension plan that is not a defined contribution plan where a defined ...
- Defined-Benefit Plan Definition | Investopedia
An employer-sponsored retirement plan where employee benefits are sorted out based on a formula using factors such as salary history and duration of ...
- What' s a defined benefit plan? - CNN Money
You typically don't fork over any of your paycheck to participate in a defined benefit plan. Your employer does. But you do have to put your own money into a ...
- U.S. Department of Labor - Find It By Topic - Retirement Plans ...
A defined benefit plan promises a specified monthly benefit at retirement. The plan may state this promised benefit as an exact dollar amount, such as $100 per ...
- Understanding Defined Benefit Plans
A defined benefit plan guarantees you a certain benefit when you retire. How much you receive generally depends on factors such as your salary, age, and ...
- Defined Benefit Plan - IRS Retirement Plans Navigator
A defined benefit plan is the most administratively complex type of retirement plan. It may be used by businesses of any size. Employers can generally contribute ...
- Personal Defined Benefit Plan: Charles Schwab: Personal DB Plan
Schwab's Personal Defined Benefit Plan helps self-employed and small business owners save aggressively for retirement.
- For Businesses, Retirement Solutions, Defined Benefit (DB)
Interested in a Defined Benefit plan (like a pension)? Find out what the advantages are to you and your employees.