defined benefit

Definition of "defined benefit"
  1. A plan that ensures a set income for each participant upon retirement
How to use "defined benefit" in a sentence
  1. The employees were content with their defined benefit plan, which guaranteed a stable income after retirement.
  2. The company offered a defined benefit plan, setting it apart from other employers.
  3. John decided to join the job primarily due to the defined benefit plan offered to employees.

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