a fixed amount of money that will be paid by a pension plan, especially when this amount is based on your salary at the end of your working life and the number of years you worked Companies are closing their defined benefit pension plans to new entrants. If you are in a defined benefit fund, think carefully before leaving it.
Definitions on the go
Look up any word in the dictionary offline, anytime, anywhere with the Oxford Advanced Learner’s Dictionary app.
Check pronunciation: defined benefit