What does target benefit plan mean?
Definitions for target benefit plan
tar·get ben·e·fit plan
This dictionary definitions page includes all the possible meanings, example usage and translations of the word target benefit plan.
Wikipedia
Target benefit plan
A target benefit plan is a type of pension plan that is similar to a defined contribution plan in that it involves fixed contributions, or a fixed range of contributions, which are set independently of a plan's funded position. Benefits are based on affordability projections. Plan members share plan risk through adjustments to their benefits. A key element of the target benefit model is the existence of pre-determined guidelines linking benefits to funds available in the plan. Benefits and contributions are linked in a way that does not exist with traditional defined benefit or defined contribution plans.
Numerology
Chaldean Numerology
The numerical value of target benefit plan in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of target benefit plan in Pythagorean Numerology is: 4
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"target benefit plan." Definitions.net. STANDS4 LLC, 2024. Web. 6 May 2024. <https://www.definitions.net/definition/target+benefit+plan>.
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