For many retirees, a pension plan is a financial safety net, providing guaranteed income during retirement. However, not all pension plans are fully funded. When a pension plan is underfunded, its ...

A defined benefit plan is funded and managed by an employer. A defined contribution plan is managed and funded by employees and boosted by employer contributions. Many or all of the products on this ...

Once upon a time, many workers didn’t need to worry about how they would spread 401(k) savings across their retirement years. Instead, they participated in a defined-benefit pension plan. Employers ...

For much of the 20th century, pensions were the main way Americans prepared for retirement. A pension is a defined benefit plan in which the employer promises a set benefit at retirement, usually ...

Since the Great Resignation in 2021 when employees across industries quit their jobs in large numbers, private sector employers have begun revisiting their benefit offerings to align with current ...