What Are Defined Contribution and Defined Benefit Pension Plans?

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A pension plan requires an employer to contribute to the retirement income of its employees by investing in a pool of funds. Any gains are placed in an employee’s retirement account as a form of future benefit. The two most common types of retirement plans are known as defined benefit (DB) and defined contribution (DC).
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[@mananammalegae]

Thank you ❤

[@neelviegas5773]

Excellent explanation big thanks.

[@ricardoandresaldana02]

thank you. really useful

[@saelaird]

What about inheritability?

[@maciaslopez5550]

The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world.Retirement doesn't come with a specific requirement, people need to understand that having a right retirement plan is ideal and can help build a financial fortitude. Also, having a financial counsellor that will guide you through every process would be good, not just any expert but a very good one!

[@maciaslopez5550]

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[@maciaslopez5550]

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[@DudeDudovsky]

Thank you

[@Dansthetics-molxuv]

Did you mean Defined Benefit plans on 3:24

[@judahwaffi4352]

I think he did

[@rajendrakhandagale9141]

Great