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.
At a Glance: Defined Benefit Plans. 1  Provide guaranteed retirement benefits. 2  Allow larger deductible contributions than other plans. 3  Require annual contributions in the amount determined by an actuary.  Permit older business owners to fund for retirement over fewer years.