defined-benefit


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Related to defined-benefit: Defined benefit plan

defined-benefit

adj
(Social Welfare) denoting an occupational pension scheme that guarantees a specified payout, usually based on an employee's final salary and years of service. Abbreviation: DB Also called: final-salary
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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At present, companies are allowed to operate only defined-benefit plans but face difficulties in funding guaranteed benefits because of the sluggish stock market.
It also appeared significant, Scott said, that the proposals would for the first time break out postemployment health care plans, often included in the measurement and reporting of defined-benefit plans, for separate disclosure.
"Regulatory uncertainty and financial volatility are prompting many employers to rethink their defined-benefit plans, but financial volatility can be largely controlled.
Thank you for the January article, "Pensions 101." Too many NEA members neither understand nor appreciate the "defined-benefit" retirement plan and the future benefits they own.
Hybrid pension plans are defined-benefit plans in which employees' benefits are expressed in terms of immediate lump-sum payments instead of as annuities after retirement.
Vinson & Elkins, a large law firm, established qualified individual defined-benefit pension plans for its partners.
The news from the traditional defined-benefit (DB) pension front seems to get progressively gloomier.
But assets in traditional defined-benefit plans continued to be the bedrock of employer-sponsored pensions.
92-6 describes generally accepted accounting principles that are particularly important to defined-benefit and defined-contribution health and welfare plans, including detailed guidance on the various financial statement elements by plan type and the related accounting and reporting requirements.
In its annual survey of 100 of the nation's largest defined-benefit (DB) pension plans, pension consultant Milliman found that the resounding returns of 2003 had clearly helped, but not as much as might appear at first blush.
This biennial study provides baseline data on the key elements of the defined-benefit and defined-contribution plans of FEI Canada members, as well as how plan sponsors are dealing with significant legislative and market changes.
Over the past five years, defined-benefit plans--those in which a retiree's benefits are specified--have become less attractive to both employee and employer.