Defined Contribution Pension Plan

Pension plans generally fall into two types, defined contribution pension plans or defined benefits pension plans. In a defined contribution pension plan, the contributions are known (defined) and guaranteed and the benefits will vary depending on the investment performance of the plan. In a defined benefits pension plan, the benefits are known (defined) and guaranteed and the contributions will vary depending on the amount needed to fund the defined benefits.

Last modified April 20th, 2019 by Michael Brown
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