What The Difference Between A Pension Plan And A Retirement Plan?

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One response to “What The Difference Between A Pension Plan And A Retirement Plan?”

1. 

   May 28, 2013

   David Racich

   Defined benefit plans are more costly for employers than defined contribution plans. Defined benefit plans are quickly going the way of the dodo. Many defined benefit plans are based on employer contributions. But you make the contributions into a defined contribution plan like a 401(k) or a 403(b). Keep in mind that there are also non-qualified retirement plans that may utilize life insurance and or annuities.