Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Fixed Benefit Retirement Plan

A type of retirement plan providing benefits only on a fixed amount or at a fixed percentage # such as 1 percent of monthly salary times the number of years of credited employment or 25 percent of the employee's average pay over the last few years prior to retirement.
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Fixed Liabilities

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