DB plans deliver more at lower cost

Pooling of risks and assets 'fuel their fiscal efficiency.'
By Sarah Dobson
|Canadian HR Reporter|Last Updated: 05/04/2009

A defined benefit (DB) pension plan can deliver the same retirement income at 46-per-cent lower cost than an individual defined contribution (DC) account, according to the study

Better Bang for the Buck: The Economic Efficiencies of Defined Benefit Pension Plans

from the National Institute on Retirement Security (NIRS) in Washington, D.C.