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:
Exact lines or descriptions are marked or stated.
Sentences of Defined
Meanings of Benefit:
Take advantage of performance.
Sentences of Benefit
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