Why defined benefit plans are still relevant

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By Richard Pavley | 25 September 2013

Many American workers participate in defined contribution retirement plans, but the savings within these plans may not be enough for a comfortable retirement. Defined benefit plans have become less common in recent years due to funding and longevity challenges, and fewer Americans have been offered an option to participate.

This issue of DB digest explores the unreadiness of many Americans for retirement and how some defined benefit plan types offer an option to address shortfalls in retirement savings and benefit both employers and employees.