Defined benefit plans guarantee a set retirement payout, reducing investment risk for employees. These plans are rare in the private sector, with employers bearing the majority of funding and risk.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Eric's career includes extensive work in both public and corporate accounting with ...

Lawrence Pines 25+ years of experience as an equity and foreign exchange options trader. He launched his own consulting firm in 2011. Marguerita is a Certified Financial Planner (CFP), Chartered ...