Originally Posted by kronan

A Defined Benefit plan is an IRS term.
What it requires is annual reporting via a form 5500.
It requires a trust fund.
It requires a fiduciary duty for those individuals/businesses managing it.

The simple fact is, that as defined, an individual pilot can predict the minimum benefit he or should would accrue at retirement.
That value would be 2% of pensionable earnings up to the Defined Contribution Cap if the PSPP proposal became reality.