Defined Benefit

Defined Benefit,

Defined Benefit:

Definition of Defined Benefit: A company pension plan, in which the pension received by the employees is related to the length of service and salary, as stated in the rules of the program. This is commonly known as the Last Pay Plan.

Literal Meanings of Defined Benefit


Meanings of Defined:
  1. Exact lines or descriptions are marked or stated.

Sentences of Defined
  1. Specific limit


Meanings of Benefit:
  1. Take advantage of performance.

Sentences of Benefit
  1. The social season is highlighted with the first balls and charity shows

Synonyms of Benefit

good, sake, interest, welfare, well-being, satisfaction, enjoyment, advantage, comfort, ease, convenience, social security payments, social security, state benefit, unemployment benefit, government benefit, benefit payments, public assistance allowance, insurance money, sick pay, pension