| 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.
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There are three basic types of defined benefit plans: the flat benefit, unit benefit and variable benefit.
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Introductory Tour through Retirement Plans - Here you will find tutorials that are each devoted to one the most common retirement plans, explaining how to establish, fund, and then take distributions from it. |
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Related Terms
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