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2. 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.

3. What are pension plans? - AOL

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

   Pension plans operate on the principle of accruing benefits over an employee’s career. During their employment, the employer contributes to the plan on behalf of the employee. The money is then ...

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. Pensions in the United States - Wikipedia

   en.wikipedia.org/wiki/Pensions_in_the_United_States

   The retirement fund is a defined benefit type pension plan and was only partially funded by the government, with only $268.4 million in assets and $911 million in liabilities. The plan experienced low investment returns and a benefit structure that had been increased without raises in funding.

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

   www.aol.com/whats-difference-between-pension-401...

   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 ...

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 ...