Defined benefits vs. defined contributions

06/26/2007 | InvestmentNews (free registration)

At the AARP-sponsored 2007 Retirement Security Conference, James Klein, president of the Washington-based American Benefits Council, spoke about retirement, health care plans and the decline of defined-benefit plans. In an ideal situation, employees would receive both defined benefits, where employer-funded benefits have guaranteed levels, and defined-contribution plans, where employees can save on a tax-favored basis, he said.

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