defined-benefit
adjective[before noun]
ukusHR
used todescribeapensionarrangementin which thevalueof thepensionisfixed, and usuallydecidedby thelengthoftimeyouworkedfor acompanyand thesalarythat youearned:
a defined-benefitpension/plan/scheme
defined benefit
noun[C]
HR
Most of theseoccupationalschemesprovidedefinedbenefits.