Flat Benefit Formula
A method of calculating an employer's contribution to an employee's defined benefit plan whereby the employer multiplies an employee's months of service by a predetermined flat monthly rate.

Investopedia Says:
There are three basic types of defined benefit plans: the flat benefit, unit benefit and variable benefit.

Related Terms:
401K Plan
Cash Balance Pension Plan
Defined Benefit Plan
IRA
Pension Plan
Pension Shortfall
RRSP
Superannuation
Target Benefit Plan

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