"Defined benefit" pensions is the kind of plan in which the employer guarantees the worker a set monthly benefit for life. The advantage is you can set aside less cash now and deal with the benefits problems later. The problem is this comes faster than you would like with bitchy procrastination.
"Defined benefit" pensions is the kind of plan in which the employer guarantees the worker a set monthly benefit for life. The advantage is you can set aside less cash now and deal with the benefits problems later. The problem is this comes faster than you would like with bitchy procrastination.
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