Defined Benefit vs. Defined Contribution: Choosing the Right Retirement Program
HR Professionals Magazine
JANUARY 31, 2022
A defined- contribution plan does not promise a benefit amount at retirement, but rather allows employees and employers (if they choose) to contribute to an individual account and invest funds over time to save for retirement. In general, defined benefit (DB) plans come in two varieties: traditional pensions and cash-balance plans.
40 
Let's personalize your content