pension

(redirected from Defined benefit)
Also found in: Dictionary, Thesaurus, Legal, Financial, Acronyms, Encyclopedia, Wikipedia.
Related to Defined benefit: Defined benefit plan

pension

(1) A regular payment plan intended to provide a person who retired from a job with a secure income for life.
(2) A monthly payment from a pension.
References in periodicals archive ?
Since market values of equity assets tend to vary widely over time, actual employer contributions to defined benefit pension plans tend to vary widely over time.
Most small business owners need the ability to offer a competitive retirement plan to attract and retain loyal employees and defined benefit plans are a way to do that since employees must meet certain criteria and years of service before they are fully vested in the plan.
Ruling request: Employer requested a ruling as to whether the demutualization proceeds could be treated as assets of the terminated defined benefit plan and used to increase participants' benefits.
For many employers, substituting defined contribution for defined benefit plans and transferring ownership rights and responsibilities to employees is an attractive solution.
This article summarizes the advantages and disadvantages of defined benefit and defined contribution plans for public-sector employers and discusses some defined contribution options that can stand alongside an existing defined benefit arrangement.
maintained several qualified defined benefit plans that were subject to minimum funding requirements.
Since DB plans must be established before the end of the tax year, now is the time for people to determine whether a defined benefit plan is right for them," said Shapiro.
Employee contributions for defined benefit schemes were slightly higher, at 4.
As an exception to the general recognition and measurement requirements discussed above, the effects of a termination benefit on an employer's obligations for defined benefit pension or other postemployment benefits should be accounted for and reported under the requirements of Statement No.
And defined contribution plans were much easier for employees to understand (and appreciate) than defined benefit plans.
The evolution of pension plans in the United States--from traditional defined benefit plans toward defined contribution plans--has increased the age at which workers retire, according to a NBER working paper by Leora Friedberg and Anthony Webb.
Letter Ruling (TAM) 9935062 provides insight into the requirements for defined benefit plan contributions made after the end of the employer's tax year, but before the extended due date of its income tax return, to be deductible for the prior tax year.

Full browser ?