The shine is off DC plans, for nowWhile nervous employees run for cover, defined contribution pensions still a viable optionBy Janet Robovsky and Lori Satov11/04/2002|Canadian HR Reporter|Last Updated: 06/13/2003 What a difference two years make. With slowed economic markets and corporate accounting scandals, the infatuation with defined contribution pension plans (DC) has waned. Double-digit returns are gone, replaced by negative or minimal growth. Plan members, many of whom don’t remember the pain of a prolonged bear marked, have been unprepared for this outcome and notably upset with the diminished value of their retirement portfolios. Some DC plan members may be longing for the good old days when their pensions were guaranteed under a defined benefit plan (DB). Many older members now believe that they must defer their retirement age by a few years.While DC plans may currently be out of favour among employees who do not properly understand investment strategies and are not willing to patiently sit out market volatility cycles, they are still a viable and appropriate vehicle for providing retirement incomes. To Read the Full Story, Subscribe or Sign In Remember Me Forgot Password If you are a current Subscriber, please click here to set-up or update your login information.