A defined benefit pension plan is a type of pension plan in which an employer/sponsor promises a specified monthly benefit on retirement that is predetermined by a formula based on the employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns.
Marshall Plan | Israel's unilateral disengagement plan | Simple Plan | Colombo Plan | pension | The Dillinger Escape Plan | Plan 9 from Bell Labs | British Commonwealth Air Training Plan | Kirkbride Plan | Button car plan | Benefit concert | Being for the Benefit of Mr. Kite! | The Dismemberment Plan | The Daleks' Master Plan | Plan 9 from Outer Space | Plan | Pension Protection Act of 2006 | Ontario Teachers' Pension Plan | Plan Z | Plan B Entertainment | PLAN | North American Numbering Plan | Annan Plan for Cyprus | Stelly Plan | plan | Morris Plan Bank | Grid plan | County of London Plan | benefit concert | Young Plan |
TRS administers a defined benefit retirement plan that is a qualified pension trust under Section 401(a) of the Internal Revenue Code.