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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Unit benefit formula  

Definition 1.

Method used to determine a participant's benefits in a defined benefit plan. Involves multiplying years of service by the percentage of salary.
 

Definition 2.

A method of calculating an employer's contribution to an employee's defined benefit plan. The employer calculates the contribution by multiplying an employee's years of service by a percentage of his or her salary.
 
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