A significant change in pension coverage has been the tremendous growth of tax-deferred:

Question

Quizplus · Accepted Answer

The significant change in pension coverage has been the tremendous growth of tax-deferred 401(k) plans. These plans have become increasingly popular, with many employers offering them as a way for employees to save for retirement. The plans allow employees to contribute a certain percentage of their earnings to a tax-deferred account, which means that the money is not taxed until it is withdrawn. This has become a popular way for employees to save for retirement, and has led to a significant shift away from traditional defined benefit pension plans.

A Significant Change in Pension Coverage Has Been the Tremendous