If a defined contribution pension cannot, for whatever reason, make good on their anticipated payments to retirees, the

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Defined contribution plans, such as 401(k)s, do not guarantee a specific benefit at retirement. The payout depends on the amount contributed and the plan's investment performance. If the investments perform poorly, there is no entity like the Pension Benefit Guaranty Corporation (which covers defined benefit plans) to make up the shortfall.

If a Defined Contribution Pension Cannot, for Whatever Reason, Make