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Real Estate Glossary

Defined-benefit plan

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Written by Luis Escobar

This refers to employee benefits that are defined, either as a fixed amount or a certain percentage of the beneficiary’s salary at his or her time of retirement. Defined-benefit plans can be pension plans, some Keogh plans, and health and welfare plans.

This refers to employee benefits that are defined, either as a fixed amount or a certain percentage of the beneficiary’s salary at his or her time of retirement. Defined-benefit plans can be pension plans, some Keogh plans, and health and welfare plans.

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Luis Escobar

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