Understanding Your Pension: Defined Contribution the New Norm?

Understanding Your Pension: Defined Contribution the New Norm?

As baby boomers retire, the strain on pension funds has been immense as they will have to meet increasingly large future liabilities.  Due to this situation, the past decade has seen a sharp shift towards employers offering defined contribution plans instead of defined benefit plans.  Why the big shift? By taking a look at both plans you may notice why employers have been opting for one over the other.

Read More