Traditional defined benefit formula
Term · Economic statistics · MLC-T-ECS-001969
Retirement benefit formula determined by a combination of average annual earnings and years of service.
Note: See also the National compensation survey glossary of employee benefit terms.
| Identifier | MLC-T-ECS-001969 |
|---|---|
| Field | Economic statistics |
| References | BLS Glossary |
Record as JSON
{
"id": "MLC-T-ECS-001969",
"term": "Traditional defined benefit formula",
"field": "Economic statistics",
"definition": "Retirement benefit formula determined by a combination of average annual earnings and years of service.\n\nNote: See also the National compensation survey glossary of employee benefit terms.",
"references": [
"BLS Glossary"
],
"url": "https://mlchart.com/terminology/economic-statistics/traditional-defined-benefit-formula/"
}
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