Words / D / Business

defined benefit

noun/dɪˌfaɪnd ˈbɛnɪfɪt/

B1CEFR level
50/100Rarity: uncommon
TechnicalRegister

A pension that pays a guaranteed income based on salary and length of service rather than investment returns.

Few private employers still offer defined benefit pensions, having closed them as costs spiralled.

Topic: Human resources in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Human resources