Defined Benefit Pension Plan
A company pension plan in which an employee's pension payments are calculated according to length of service and the salary they earned at the time of retirement with a specified monthly benefit paid at retirement.
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A company pension plan in which an employee's pension payments are calculated according to length of service and the salary they earned at the time of retirement with a specified monthly benefit paid at retirement.
Source: NCREIF | Date: 05 September 2025 | ID: D1039 | Version: 1