- flat benefit formula
- Method used to determine a participant's benefits in a defined benefit plan by multiplying months of service by a flat monthly benefit. Bloomberg Financial Dictionary
Financial and business terms. 2012.
flat benefit formula
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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
Flat benefit formula — Method used to determine a participant s benefits in a defined benefit plan by multiplying months of service by a flat monthly benefit. The New York Times Financial Glossary … Financial and business terms
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