- 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.
Unit benefit formula
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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
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