In the past 10 years or so,many employers have shifted from defined-benefit to defined-contribution retirement plans.

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Quizplus · Accepted Answer

This is true. Many employers have shifted from traditional defined-benefit plans (where the company promises a specific retirement benefit based on factors like years of service and salary) to defined-contribution plans (where the employee contributes a certain amount and possibly receives matching contributions from the employer, and the retirement benefit is based on how well the investments perform). This shift has transferred more of the retirement planning and investment risk from the employer to the employee.

In the Past 10 Years or So,many Employers Have Shifted