Which Retirement Plan Is Considered A Defined-Benefit Plan?

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   David RacichPRO

   Fountain Hills, Arizona

   The Employee Retirement Income Security Act of 1974 (ERISA) covers two basic plans: defined contribution plans and defined plans. An example of a defined benefit plan would be a cash balance plan, designed to distribute a specified amount at retirement.
    

   Answered on July 23, 2013

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