There is a trend for companies to switch from defined benefit to defined contribution plans.

Name: There is a trend for companies to switch from defined benefit to defined contribution plans.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is true, as defined contribution plans shift the responsibility of retirement savings from the employer to the employee. Many companies are making this switch in order to reduce their financial liabilities and costs associated with providing pension benefits.

There Is a Trend for Companies to Switch from Defined