Medi Assist Healthcare IPO

Explore
Open Demat Account Login
Finance Wiki
Trending Categories
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
#

Retirement Planning

Defined Benefit Plan Definition

A defined benefit plan, also known as a traditional pension plan, is a retirement plan where the employer guarantees a specific annual income for the employee based on various factors. This includes years of service, final salary, and age. The employer bears all the risks associated with funding the plan.

Some defined benefit plans also offer the option for employees to receive a lump-sum payment upon retirement. However, it is important to note that while federal pension insurance protects those who choose the annual income option, those who opt for a lump-sum payment are responsible for managing their funds effectively.

Explore other categories
Terms related to decisions and events initiated by a company that can impact its stock, such as divi
Learn More
All terminologies and concepts related to financial derivatives, including options and futures contr
Learn More
IPO
All terms and concepts related to the process in which a private company offers its shares to the pu
Learn More
All terms related to various types of organizations or individuals, like investors, banks, insurers,
Learn More
All terms and concepts related to technical analysis in finance, which involves using historical pri
Learn More
Legal contracts that represent financial value, such as stocks, bonds, options, futures, and various
Learn More
Trading Terms encompass terminology and phrases commonly used in financial markets, including terms
Learn More
All terms related to investments like bonds or treasury bills that provide regular, fixed payments,
Learn More
All terminology and concepts related to various tax types, tax laws, and taxation principles.
Learn More
Investments that provide regular, fixed payments, such as bonds and treasury bills.
Learn More
Enjoy Zero Brokerage On Stock Investments
Send App Link