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If you had your choice, would you prefer to purchase a Defined Contribution Pension Plan or...

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Physics

If you had your choice, would you prefer to purchase a DefinedContribution Pension Plan or a Defined Benefit Pension Plan? Is onebetter than the other? Explain your answer

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3.6 Ratings (333 Votes)
Both the defined benefits pension plan and the defined contribution pension plan have their pros and cons But the defined benefits is generally better for the individual Retirement plans for employees are generally divided into two types The first is a defined contribution plan where the employee contributes a set amount of money each pay period and upon retirement the amount contributed and any interest or profits made on those contributions will become available to be drawn    See Answer
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