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2. Retirement plans in the United States - Wikipedia

   en.wikipedia.org/wiki/Retirement_plans_in_the...

   Types of retirement plans. Retirement plans are classified as either defined benefit plans or defined contribution plans, depending on how benefits are determined.. In a defined benefit (or pension) plan, benefits are calculated using a fixed formula that typically factors in final pay and service with an employer, and payments are made from a trust fund specifically dedicated to the plan.

3. Defined benefit pension plan - Wikipedia

   en.wikipedia.org/wiki/Defined_benefit_pension_plan

   Personal finance. Defined benefit (DB) pension plan is a type of pension plan in which an employer/sponsor promises a specified pension payment, lump-sum, or combination thereof on retirement that depends on an employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns.

4. Employee Retirement Income Security Act of 1974 - Wikipedia

   en.wikipedia.org/wiki/Employee_Retirement_Income...

   The Employee Retirement Income Security Act of 1974 ( ERISA) ( Pub. L. 93–406, 88 Stat. 829, enacted September 2, 1974, codified in part at 29 U.S.C. ch. 18) is a U.S. federal tax and labor law that establishes minimum standards for pension plans in private industry. It contains rules on the federal income tax effects of transactions ...

5. What's the difference between a pension and a 401k? - AOL

   www.aol.com/finance/whats-difference-between...

   Here's a look at the difference between a pension and a 401(k) plan -- often referred to as a defined benefit plan and a defined contribution plan.

6. What are pension plans? - AOL

   www.aol.com/finance/pension-plans-181440876.html

   Instead, defined contribution plans like 401(k)s are now the standard way most people save for retirement. 401(k) plan: This defined contribution plan allows employees to contribute a portion of ...

7. Should I Get a Defined Benefit or Defined Contribution Plan?

   www.aol.com/defined-benefit-defined-contribution...

   Defined benefit plans and defined contribution plans are two employer-sponsored ways of helping to provide employees with a comfortable retirement. The difference between them lies primarily in ...