50 Reasons Not to Kill Yourself (and I Swear to God You're Helping Me -- Just By Existing).0 Reasons Not to Kill Yourself (and I Swear to God You're Helping Me -- Just By Existing).
A traditional defined benefit (DB) plan is a plan in which the benefit on retirement is determined by a set formula, rather than depending on investment returns. Government pensions such as Social Security in the United States are a type of defined benefit pension plan.
In a defined benefit plan, each employeeâs future benefit is determined by a specific formula, and the plan provides a nominal level of benefits on retirement. Usually, the promised benefit is tied to the employeeâs earnings, length of service, or both.