Subscribe Contact Us Congressional Research Service Documents Distributed by Penny Hill Press, offering same-day delivery of all CRS publications. Under a DB plan, workers know what their pension will be because it is determined by a formula based on salary and years of service.
Employers are responsible for funding the pension.
In comparison, DC plans promise no specific benefit at retirement. Instead, contributions are made to individual accounts established for each participant, and the amount of the pension is dependent on contributions and investment results. By e-mail or phone . Back to Pensions subject page. All rights reserved.