Question: What are the differences between defined benefit and defined contribution pension plan? a . Younger employees prefer defined benefits plans since they have more time

What are the differences between defined benefit and defined contribution pension plan?
a. Younger employees prefer defined benefits plans since they have more time to retirement.
b. Older employees love defined contribution plans
c. Employer bears the risk in Defined Benefits plans and does not need actuarial computation
d. Employee bears the risk in Defined Contribution plans, has a separate account and insured by PBGC
e. Employee bears the risk in Defined Contribution plans, has a separate account and not insured by PBGC
What are the differences between defined benefit and defined contribution pension

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