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defined-benefit

adjective

  1. denoting an occupational pension scheme that guarantees a specified payout, usually based on an employee's final salary and years of service DB Also calledfinal-salary
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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Example Sentences

Both of our positions have, as part of the benefits package, a defined benefit for retirement.

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