Is there any risk to the employee in a defined benefit plan?
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One of the advantages of the defined benefit plan to employees is that the employee is not responsible for the value of the plan; the company's trustee has to ensure they can meet the financial obligations to pay out the defined benefits to each employee.
Is there any risk to the employee in a defined benefit plan?
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The solution discusses if there any risks to the employee in a defined benefit plan.
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In a defined benefit plan, all of the risk rests with the employer. There really is no risk to the employee. The employee is not responsible for determining the amount that each employee's benefit will be set at, and the employee is not responsible for making the contributions or ...
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