In the past 20 years or so, many employers have shifted from defined-benefit to defined-contribution retirement plans.

Name: In the past 20 years or so, many employers have shifted from defined-benefit to defined-contribution retirement plans.
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Quizplus · Accepted Answer

This shift reflects employers' preference to limit their future financial liabilities by offering plans where contributions are defined, but benefits depend on investment performance, rather than guaranteeing a specific retirement benefit amount.

In the Past 20 Years or So, Many Employers Have