Sentence examples for defined benefits plan from inspiring English sources

The old pension program is known as a defined benefits plan, meaning G.M. was obligated to pay retirees a certain amount, depending on their years of service and pay level.

Next year I expect many companies with defined benefit plans to announce that they will be making required shortfall contributions to their funds.

It's a defined benefit plan, way out of style, but we're in a completely different industry.

The change, which will apply to all United States employees except pilots, will be from a traditional defined benefit plan to a cash-balance plan.

One solution, she said, is to adopt a defined benefit plan, to which far more may be contributed than to a defined contribution plan.

The limit would be the amount needed to buy an annuity that pays a retiree the maximum allowed under a defined benefit plan.

Despite the loss of more than $300 million, none of the 650,000 government retirees in the pension fund will lose money because the fund is a defined benefit plan that guarantees a certain return.

"I never assumed I'd have a pension," says Friend, who is a defined benefit plan actuary.

There are two basic types: a defined benefit plan (otherwise known as a pension) and a defined contribution plan, such as a 401(k).

No more defined benefit plan, under which promises are made so that state bureaucrats can retire with high benefits at fairly young ages.

(The law also protects all assets rolled from an employer pension plan, such as a 401(k) or defined benefit plan, into an IRA, regardless of the amount).