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The whole pension fund concept only works because it declares how much is going to be paid out. Who’s going to pay in if the fund expects a guaranteed commitme
by p-e-w 2mo ago
The whole pension fund concept only works because it declares how much is going to be paid out.
Who’s going to pay in if the fund expects a guaranteed commitment but refuses to give such in return?
- JumpCrisscross 2mo ago> Who’s going to pay in if the fund expects a guaranteed commitment but refuses to give such in return? Literally defined contribution [1]. [1] https://en.wikipedia.org/wiki/Defined_contribution_plan https://en.wikipedia.org/wiki/Defined_contribution_plan
- ericd 2mo ago401ks don’t guarantee results for a given amount of input, and people still stuff away lots into them?
- hiitsmyaccount 2mo ago[dead]
- hvb2 2mo agoThe tax code is also really powerful in sending money to certain products
- arjie 2mo agoIt’s called a defined contribution pension as opposed to a defined benefit pension. They exist.
- skeeter2020 2mo agonot only do they exist, they are by far the more common variant. Whenever you hear about a massive unfunded pension liability it's a defined benefit plan.