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Definition: Defined benefit pension plans

SNA 1993

Defined benefit pension plans are those in which the level of pension benefits promised to participating employees is guaranteed; benefits are related by some formula to participants' length of service and salary and are not totally dependent on either the participants' contributions or the assets in the fund.
United Nations, "System of National Accounts (SNA) 1993", § 13.78, United Nations, New York, 1993