Definition

A defined benefit (DB) plan is a guaranteed, employer-sponsored retirement pension. In this model, the benefit amount is calculated using a specific formula based on your salary and years of service. Because the employer assumes all market and investment risks, they are responsible for funding the ultimate pension.

What is a Defined Benefits Plan?

South Sudan Pensions Fund Defined benefit scheme have a normal retirement age that will usually be 65 age. The Define Benefit (DB), the amount pensioner paid is based on how many years pensioners have served as civil servant and salary retiree have earned at the time of retire.