Explain the difference, in your own words, between a defined benefit pension plan and a defined contribution benefit plan
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Explain the difference, in your own words, between a defined benefit pension plan and a defined contribution benefit plan.
Next, explain the pros and cons of each.
https://www.investopedia.com/ask/answers/032415/how-does-defined-benefit-pension-plan-differ-defined-contribution-plan.asp
http://www.dol.gov/dol/topic/health-plans/erisa.htm.
http://money.cnn.com/retirement/guide/pensions_basics.moneymag/index3.htm
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