What is the main difference a defined benefit plan and a defined contribution plan?

Anonymous

∙ 9y ago

Updated: 5/17/2022

A defined benefit plan provides a set amount of benefit to the employee at the time of retirement, and a defined contribution plan specifies the amount of money an employer contributes to a retirement fund for each individual employee.

Ora Nader ∙

Lvl 10

∙ 3y ago

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What is the main difference between a defined benefit plan and a defined contribution plan?

What is the main difference between and defined benefit plan and a defined contribution plan?

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