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Glossary > F > "Flat benefit formula" Definition

Flat benefit formula

Method used to determine a participants benefits in a defined benefit plan by multiplying months of service by a flat monthly benefit.

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Flat benefit formula - Method used to determine a participants benefits in a defined benefit plan by multiplying months of service by a flat monthly benefit.

Flat benefit formula : method used to determine a participants benefits in a defined benefit plan by multiplying months of service by a flat monthly benefit.