Employees must choose between 401(k)s and pensions as retirement options, weighing their benefits and drawbacks.

Employers make regular contributions to a pool of money set aside to fund payments to eligible employees after they retire. Traditional pension plans in the U.S., known as defined-benefit plans ...

The contributions from you and your employer will be invested in the stock market, with the aim of growing it over the years before you retire. Unlike those who belong to a defined benefit ...

A defined benefit plan is often referred to as a traditional pension. “A defined benefit plan is a type of pension plan that is fully funded by employer contributions and is a promise to pay ...

You typically don't fork over any of your paycheck to participate in a defined benefit plan. Your employer does. But you do have to put your own money into a defined contribution plan like a 401(k ...

A defined benefit pension scheme - also known as a final salary or career average pension scheme - is one that promises to pay out an income in retirement based on how much you earned when you were ...

A pension is a workplace benefit that pays qualified retirees a lifetime income. Very few private employers offer pensions nowadays, and most have shifted to defined contribution plans such as 401 ...

Not very. The percentage of workers in the private sector whose only retirement account is a defined benefit pension plan is now 4%, down from 60% in the early 1980s. About 14% of companies offer ...

That's why we've seen defined contribution plans rise in popularity over the past few decades while defined benefit pension plans have fallen out of favor. Employers may still contribute money to ...