Description
Are employees more likely to favor defined contribution plans over defined benefit plans? How about employers? Explain your answer. 250 words please with three schoraly references in APA format
Explanation & Answer
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Benefit plan refers to a given worker plan that guarantees him or her a specific amount of
money in future after he or she has retired (Budd, 2017). On the other hand, contribution plan
refers to a plan where an employee is not guaranteed any specific amount of money in case he or
she retires. Employers prefer contribution plan because funding is lower than fun...