The meaning of DEFINED CONTRIBUTION PLAN is a pension plan in which the amount of the contributions made by the employer is fixed in advance and earnings are distributed proportionately.
Investment risk:In a defined contribution plan, the employee bears the investment risk. The value of the retirement benefit depends on the performance of the investments in the individual account. In a defined benefit plan, the employer bears the investment risk. The employer is responsible for en...
A defined benefit plan (e.g., a pension) is one where you know what to expect from your payout when you retire. A defined contribution plan (e.g., a 401(k) or IRA) is one where you choose how much to pay into the plan without knowing what the retirement
Commuted values are usually calculated taking into consideration the present value of money versus long term interest rates and the life expectancy of the group of beneficiaries. Commuted value is only applicable to a defined benefit plan, as with a defined contribution plan the employer’s respons...
Berkeley Electronic Press Selected WorksJONATHAN B FORMAN
The private pension structure in the United States, once dominated by defined benefit (DB) plans, is currently divided between defined contribution (DC) and DB plans. Wealth accumulation in DC plans depends on a participant's contribution behavior and on financial market returns, while accumulation...
（3%，6%，9%只是举例数字） 这里是链接：What's a defined benefit plan?国内...
a defined-benefit plan—also commonly known as a traditionalpension plan—provides a specified payment amount in retirement. A defined-contribution plan allows employees to contribute and invest in funds and other securities over time to save for...
一、意思不同 Defined benefit pension plan 为养老金固定收益计划，Defined contribution pension plan为养老金固定缴款计划。二、指代范围不同 养老金固定收益计划是指雇主支持的养老金计划，员工退休、或丧失就业能力后可按工龄、职位等因素，确定一个固定的（可按通货膨胀率调整）退休津贴数额，通常按月...
Over the past 25 to 30 years there has been a major shift in retirement plan schemes offered by private-sector employers, from the traditionaldefined-benefit plan (DB plan)to the more contemporarydefined-contribution plan (DC plan).1 Traditional DB plans, commonly referred to as pensions, typic...