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

Example Sentences

A pension, a defined-benefit plan, relies on employer rather than employee contributions.

From Salon

And if Boeing were to restore the defined-benefit pension, it would be pioneering a reversal of a longtime trend in corporate America to get rid of such plans.

From Seattle Times

Striking members of the United Automobile Workers union made waves this year when the union’s leaders demanded the reopening of defined-benefit pension plans for workers hired after late 2007.

From New York Times

While IAM members expect the wage rates to be raised substantially in the coming contract, Holden said many are also asking him to try to get the defined-benefit pension back.

From Seattle Times

The companies did not agree to bring back traditional defined-benefit pension plans or retiree health care for workers hired since 2007.

From Seattle Times