Unit benefit formula

Method used to determine a participant's benefits in a defined benefit plan by multiplying years of service by the percentage of salary. The New York Times Financial Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • Unit Benefit Formula — A method of calculating an employer s contribution to an employee s defined benefit plan. The employer calculates the contribution by multiplying an employee s years of service by a percentage of his or her salary. For instance, the company may… …   Investment dictionary

  • unit benefit formula — Method used to determine a participant s benefits in a defined benefit plan. Involves multiplying years of service by the percentage of salary. Bloomberg Financial Dictionary …   Financial and business terms

  • Flat Benefit Formula — A method of calculating an employer s contribution to an employee s defined benefit plan whereby the employer multiplies an employee s months of service by a predetermined flat monthly rate. There are three basic types of defined benefit plans:… …   Investment dictionary

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