What Are the Features of a Defined Benefit Plan? A defined benefit plan guarantees retirement benefits for an employee. Some of the features include: Employer sponsored: The employer funds and manages ...

A defined benefit plan is a retirement option where the benefits paid on retirement are calculated using a fixed formula. The formula is typically based on the employee’s salary history and the number ...

Thankfully, public education is seeing pay increases, improved working conditions, record levels of funding and critical learning support for students, such as free breakfast and lunch programs. But ...

The phrase “pension benefits” may come up a lot in the next several days as negotiations between the United Auto Workers union and the Big Three automakers go down to the wire to avert a strike. But ...

Pensions have almost disappeared from most companies; instead, many companies now utilize 401(k)s. But it hasn't always been that way. As a tactic to retain workers, companies often provide their ...