2 ms·
> A pension is generally a defined benefit... Ah, this is the difference. For me (in the UK), a pension can be either defined benefit or defined contribution.
by mnw21cam 13y ago
> A pension is generally a defined benefit...
Ah, this is the difference. For me (in the UK), a pension can be either defined benefit or defined contribution.
There are three positions on your contributory axis - noncontributory (employer pays all), contributory (employer and employee pay), and personal (completely independent of employer).