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Defined Benefit Plan

Defined Benefit Plan

Submitted by • January 31, 2019

With a Defined Contribution plan, it’s the employees who make many of the contributions and take on the investment risk. Their retirement benefit is their accumulated balance. With a Defined Benefit plan, the employer makes the contributions and assumes the risk. Employees receive a promised benefit at retirement, typically in the form of monthly income.

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Voted by pentegra

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