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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
by jandrewrogers 1y ago
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.