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The D em i O fThe D efned-BeneftPl se i i an
March 20 2006 | Filed Under » Budgeting , Laws , Retirement , Retirement Plans , Savings
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There once was a time when, after 25 or 30 years of working diligently for your employer, you could expect to be rewarded for your loyalty and hard work with a gold watch and a steady stream of checks changeless the length of your retirement. But if current trends continue, those steady checks which came courtesy of a defined-benefit plan - will soon be a topic of the past. Here we look at what seems to be a moderate shift away from defined-benefit plans and toward defined-contribution plans and suggest ways to ensure that you expect a dependable income in your post-work years. Times Have Changed for Employer Funded Plans From the employees perspective, the bag of a defined-benefit plan is that the employer funds the plan and the employee reaps the rewards upon retirement.
Not precisely do employees get to keep and spend all the currency they earn in their paychecks, but they can also slow predict how much money they will receive distributively month during retirement, because payouts from a defined-benefit plan are based on a set formula.
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hypertext transfer protocol://www.investopedia.com/articles/retirement/06/DemiseofDBPlan.asp
3/21/2012
The Demise Of The Defined-Benefit Plan
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