defined benefits en · ADJ
Meanings
- (UK, not-comparable, qualifier:pensions) Describing a pension scheme in which an employer agrees to provide a pension payment or lump sum on retirement that is predetermined based on the employee's length of service, earnings history and age.
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| DB | alternative | lexicographic | |
| defined benefit | alternative | lexicographic |
Antonyms
defined contributions · money purchase