Defined benefit plans are the same thing with misaligned incentives and more middlemen taking a cut.
Defined contribution plans didn’t spring out of the ether on their own. They were a reaction to evident rampant risks and deficiencies of defined benefit plans even after many failed attempts at reducing that risk via regulation.
Defined contribution plans didn’t spring out of the ether on their own. They were a reaction to evident rampant risks and deficiencies of defined benefit plans even after many failed attempts at reducing that risk via regulation.