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Defined Benefit Plan

Defined Benefit Plan
Refer: defined contribution plan. Pension plans where the sponsors undertake to make predetermined dollar pay outs to employees who qualify. These payments are considered the employer’s debt obligations.

Related posts:

  1. Defined Contribution Plan
  2. Money Purchase Plan
  3. Projected Benefit Obligation (PBO)
  4. Plan Sponsors
  5. Flat Benefit Formula
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