Defined-benefit pension plan

In a defined-benefit pension plan, the amount of the pension is set in advance according to a specific formula.

The amount of plan contributions is established by an actuary. Generally, the member contributions are set in advance by the plan and the employer pays the balance of the contributions owing.

• Plan characteristics 
• Membership conditions 
• Information provided to members 
• Plan income 
• Transfer of benefits 
• Cash payments (refunds)
• Plan administration 
• Plan amendments 
• Plan termination 
• Funding rules for a pension plan