856613b1_Retirement_Articles__0
[Defined Benefit (DB) Plan] When an employee leaves a DB Plan, they get a commuted (or discounted) value based on their age. The further away from retirement they are, the less they get. With a DC Plan, a member knows the plan's worth at any given time and so can easily predict pension savings that can be taken with them when changing jobs. If their pension is vested, they retain their full DC Plan balance if they change jobs. [0] 
Flexibility / Changing Jobs
P e n s i o n A m o u n t E x p e c t e d
C o n t r i b u t i o n s
U n d e r s t a n d i n g t h e P l a n
C h a n g e s i n S a l a r y
I n f l a t i o n
I n v e s t m e n t R i s k
P l a n R i s k
F l e x i b i l i t y / C h a n g i n g J o b s
L o n g e v i t y
Retirement Articles
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