The current trend in retirement plans is towards contributory plans.

Question

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The current trend in retirement plans is towards contributory plans, which require employees to contribute a portion of their income to the retirement plan. This is different from traditional pension plans, which are funded primarily by the employer. Contributory plans, such as 401(k) plans, allow employees to have more control over their retirement savings and can also provide tax benefits.

The Current Trend in Retirement Plans Is Towards Contributory Plans