For Defined Contribution we have terms and definitions in 2 topics. The topics are Accounting and Aging.

Defined Contribution (Accounting)

is a pension design that defines the amount of contributionsusually a percentage of salary. The benefits payable at retirement depend on factors such as future investment return and annuity rate at retirement. If a plan is registered for tax purposesthe maximum contribution amount (usually a percentage of earnings or income up to a dollar limit) is defined by tax regulations.

Defined Contribution (Aging)

In a defined contribution plan the benefits are based on the amount contributed and are also affected by income, expenses, gains and loses. The employee is responsible for educating him/herself about options how much to save and where to invest. The risk is shifted to the employee. Stocks are not insured by PBGC or FDIC.

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