Examlex
U.S. Census data show that:
Defined Benefit Plan
A type of pension plan where the employer guarantees a specified pension payment in retirement, based on factors like salary history and duration of employment.
Defined Contribution Plan
A type of retirement plan in which the employer, employee, or both make contributions on a regular basis, but the future payout is not defined.
Pension Expense
The cost recognized by an employer for contributions to a defined benefit pension plan based on formulas that factor in salary, years of service, and other elements.
Expected Earnings
The forecasted profit or loss for a company or investment, often used in the valuation of companies.
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