Defined Benefit Plans
A plan that states the benefit at retirement first, and works the funding backwards from that promise.
The company carries the responsibility for meeting the promise, which is why these plans suit owners with steady profit and a clear timetable.
We look at what the promise would cost each year, and what flexibility, if any, you keep once it is made.
What this covers
What a defined benefit plan involves
1
The benefit being promised
2
Funding it each year
3
Who must be included
4
Winding the plan up later
Talk it through before you decide anything.
Tell us where you are and what you are trying to protect.