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Defined Benefit Pension Plan

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PPGPortal > Home > Concept Dictionary > D, E > Defined Benefit Pension Plan
 

Defined Benefit Pension Plan  

A type of registered pension plan that promises a certain level of pension, usually based on the plan member's salary and years of service.

(Treasure Board of Canada Secretariat. "Pensions Vocabulary." Last modified February 26, 2007. http://www.tbs-sct.gc.ca/hr-rh/bp-rasp/pensions/vocabulary-vocabulaire-eng.asp#Defined.) 

     

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