Pension Plans [WLO: 4] [CLOs: 1, 5]
Prior to beginning work on this discussion forum, read Chapter 11 in the textbook.
In your own words, discuss the difference between a defined benefit pension plan and a defined contribution pension plan. In your opinion, which type of plan would an employee prefer a firm to offer, and which type of plan would the firm typically prefer to offer an employee? Explain why.