Which of the following explains why private employees (more frequently than public employees)tend be in defined contribution programs?

Question

Quizplus · Accepted Answer

Private employees tend to move from employer to employer more frequently than public employees, which makes defined contribution programs more suitable for their employment patterns. In contrast, public employees tend to remain with the same employer for longer periods, making defined benefit programs more attractive. The other options, such as falling for Ponzi schemes or having well-funded private savings plans, are not significant factors that explain the difference in retirement plans between private and public employees.

Which of the Following Explains Why Private Employees (More Frequently