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

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

   Here's a close look at the difference between a pension and a 401(k) plan -- often referred to, respectively, as a defined benefit (DB) plan and a defined contribution (DC) plan -- examining their ...

3. Did 401(k)s Replace Pension Plans? (& Which Is Better ... - AOL

   www.aol.com/did-401-k-replace-pension-105700511.html

   A pension plan is a different kind of retirement savings plan in which a company sets money aside to give to future retirees. Over the past few decades, defined-contribution plans like the 401 (k ...

4. 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.

5. Which Will Cost Me More Money: Pension or 401(k)? - AOL

   www.aol.com/cost-more-money-pensions-401...

   With a few notable exceptions, the age of pensions is largely over in the U.S. Traditional defined benefit plans have replaced largely by defined contribution retirement vehicles like 401(k) plans.

6. Individual retirement account - Wikipedia

   en.wikipedia.org/wiki/Individual_retirement_account

   An individual retirement account [1] ( IRA) in the United States is a form of pension [2] provided by many financial institutions that provides tax advantages for retirement savings. It is a trust that holds investment assets purchased with a taxpayer's earned income for the taxpayer's eventual benefit in old age.

7. Public employee pension plans in the United States - Wikipedia

   en.wikipedia.org/wiki/Public_employee_pension...

   The pension replacement rate, or percentage of a worker's pre-retirement income that the pension replaces, varies significantly across states and benefit tiers within state retirement systems. Whether or not a worker is enrolled in social security can significantly impact how secure a public worker’s retirement is.