Question: What is the difference between a defined benefit (DB) and a defined contribution (DC) pension plan? DB plans are much easier to administer for the

What is the difference between a defined benefit (DB) and a defined contribution (DC) pension plan? DB plans are much easier to administer for the employer than DC plans In a DB plan the employee knows what his/her pension will be, while in a DC plan that is not known In a DB plan the employee bears the investment risk, while in a DC plan the employer bears the investment risk Private sector employers favor DB plans over DC plans

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