Defined benefit plans guarantee a fixed payout, usually based on salary and years of service. Employers bear the investment risks and are responsible for funding these plans. Defined benefit plans ...

You can take your defined contribution plan with you and change how you invest your funds, but a defined benefit plan will always be tied to your old employer. You're much more likely to have a ...

Defined benefit plans are often referred to as pensions. For employees who meet certain criteria in the workplace, these accounts typically pay out predetermined benefits in retirement. Here's a ...