Retirement plans are defined benefit ("employee will be paid $X per time period during retirement") or defined contribution ("the company puts $Y per time perio

Retirement plans are defined benefit ("employee will be paid $X per time period during retirement") or defined contribution ("the company puts $Y per time period into this retirement vessel"). https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/resource-center/fact-sheets/cash-balance-pension-plans https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/...