defined benefit fund definition
defined benefit fund means a fund in which the fund rules define the pension and other benefits payable to the member and/or their dependants independently of the contribution payable and the benefits are not directly related to the investments of the fund;
defined benefit fund means a fund which promises to pay a specified amount at retirement, in the form of a lump sum, series of payments or a combination, based on pre-determined method;
defined benefit fund means a fund other than a defined contribution fund; 5 ‘defined contribution fund’ means a fund in respect of which any benefits payable on leaving service for a reason other than death or disability have a value equal to or less than the value of the contributions paid by and/or on behalf of the member accumulated with such investment returns as the board
More Definitions of defined benefit fund
defined benefit fund means a fund in which –
defined benefit fund means the defined benefit fund described in Part 1 of Division B of the governing rules of the BHP Superannuation Fund.
defined benefit fund. ’ means a fund in which the fund rules define the benefit payable
defined benefit fund means a retirement fund in which each member receives a benefit that is determined in accordance with a pre-determined formula that incorporates the member’s salary as provided in the rules of the fund, pensionable service and a defined accrual rate on the date of the retirement, death, disability, withdrawal or termination of employment of that member;
defined benefit fund means a pension fund other than a defined contribution fund where under the fund rules a member’s benefits are calculated, wholly or in part, by reference to any or all of the following