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A Better Bang for the Buck: The Economic Efficiencies of DB Plans

Date Published: 
Thursday, August 14, 2008
Source/Author: 
National Institute on Retirement Security (August 2008)

This report finds that a defined benefit (DB) pension plan can deliver the same level of retirement income to a group of employees at 46% lower cost than an individual defined contribution (DC) account. The report finds that certain built-in features of DB plans enable the systems to be the most fiscally efficient way to provide retirement income. 

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