It's also called a defined-contribution pension plan. Up until the 401-k was DISCOVERED, if an employer had a pension plan, it was usually known as a defined benefit plan. The employer put all the money in, invested it, and told the employee how much he/she would get paid in retirement. The benefits were "defined" by such things as years of service and average salary during the employee's career. There are still a lot of these plans in existence, but more and more employers are opting for the 401-k method.
We belong to all the following
Paid To Click programs!!!
We have received a LOT of payments from them!!
We are recommending only these as we have tried others
but they had problems of one kind or another...
We invite you to join..some have signup bonuses!!!
PLAY LOTTA FUN LOTTO!!
A 6/35 Weekly Lotto Game - FREE