Converting from a DB to a DC pension

An inside look at how one firm made a smooth switch
By Ian Genno
|Canadian HR Reporter|Last Updated: 07/12/2007

With the debate raging around defined benefit (DB) versus defined contribution (DC) plans, a perception has arisen that DC plans are simpler and easier to design, communicate, finance and ensure regulatory compliance.

But it may not be that simple. Below is a real-life story of how one company managed a successful change from DB to DC. The case study highlights a wide range of factors that need to be addressed when considering the switch from a traditional DB plan to a DC plan.

The company and its business objectives