#BRNAM #1244 | Is there a resurgence of DB pension plans? | John Lowell, October Three Consulting | #Tunein: broadcastretirementnetwork.com or your #favorite #streaming / #podcast / #smarttv / #localtv / #digital #platform... ( read more )
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In recent years, the shift towards defined contribution (DC) pension plans has been significant. However, a new trend has emerged which suggests a possible resurgence of defined benefit (DB) pension plans. DB pension plans are retirement plans that provide a specific monthly benefit upon retirement, based on a predetermined formula which usually takes into account an employee's salary, years of service, and age. On the other hand, DC plans are retirement savings plans that allow employees to contribute money towards their retirement and re...
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