Defined Benefit Scheme was in existence before the introduction of the Pension Reform Act 2004. Under a defined benefit (DB) pension scheme, the amount you’re paid as pension is based on how many years you’ve worked for your employer and the salary you’ve earned. Some employers have handed over the administration of their Defined Benefit Schemes to some appointed PFAs to manage, while some were given approval to continue to manage the schemes under their management. The entitlement of any of those in the scheme will be paid according to the Scheme’s rules and regulations. For employees who were employed before 2004 June in the public sector, all the entitlements due to them were valued and used in the purchase of bonds which is being sold at their retirement and paid into their RSAs as part of their contributions. These are called accrued rights or past benefit payments while the private sector employees were registered under the NSITF scheme.