Sentences with phrase «offering traditional defined benefit plans»

Not exact matches

Pensions and health costs for teachers and other staff are substantially higher for the traditional, unionized public schools compared to charters, which offer their employees 401ks rather than more generous defined benefit plans.

Defined benefit plans are the traditional pension plans provided by companies, while defined contribution plans include some of the more recent types of pension plans employers offer employees (e.g., Sec. 401 (k) and Sec. 403 (b) plans and employee stock ownership plans (ESOPsDefined benefit plans are the traditional pension plans provided by companies, while defined contribution plans include some of the more recent types of pension plans employers offer employees (e.g., Sec. 401 (k) and Sec. 403 (b) plans and employee stock ownership plans (ESOPsdefined contribution plans include some of the more recent types of pension plans employers offer employees (e.g., Sec. 401 (k) and Sec. 403 (b) plans and employee stock ownership plans (ESOPs)-RRB-.

While traditional pensions promise retirees a fixed monthly benefit for the rest of their lives, 401 (k) s and other defined contribution plans offer no such guarantees.