| 释义 |
defined benefit A provision of a pension scheme by which the benefits to be received by the pensioner do not depend on the financial performance of the pension fund. Under a defined benefit scheme the risk of poor financial returns on the pension fund is borne by the employer or insurance company running the scheme, and does not affect the pensioner so long as the company remains solvent. A defined benefit scheme is contrasted with a defined contribution scheme, where the rules fix what the member pays, and the benefits depend on the financial returns on the fund built up under the scheme. |