In the last 10 years,many employers have shifted from

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In the last 10 years, many employers have shifted from defined-benefit plans (in which the employer guarantees a certain level of retirement income) to defined-contribution plans (in which the employee contributes to an individual account and bears the investment risk). This shift has allowed employers to transfer the financial risk of retirement savings to employees and has allowed employees more control over their retirement savings.

In the Last 10 Years,many Employers Have Shifted from