Definition of defined benefitDefined benefit A defined benefit pension scheme is one in which the company defines the benefits that will accrue to members on retirement (often a number of times or a percentage of final salary). If the invested fund performs badly, the company must make additional contributions, whereas if the fund does well and there is more than enough money to meet the benefits promised, the surplus belongs to the company. Many defined benefit (final salary) schemes are now closed to new members, and companies are offering defined contribution schemes instead.
Develop your knowledge in your own time and at your own pace with our unique online learning experience. Learn in bite-sized chunks - our short courses include videos, quizzes and plenty of interactivity to keep you interested &Â alert. You can use any device, even your smartphone. Try our demo. If you prefer face-to-face, our virtual workshops are held in small groups and replicate a classroom environment with discussions and interactions via case studies, quizzes, breakout groups and more. Â FinanceTalking LtdA Leading provider in financial training for non-financial people, corporate communications, financial PR and Investor Relations. We've spent years developing practical, interesting, engaging ways for people to learn - and have developed multiple ways to make the learning stick. Most importantly, people leave our courses with the tools in place to use what they have learnt back at work - and make a difference. Our most popular online courses include:
|