In the last 10 years many employers have shifted from

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Many employers have shifted from defined-benefit to defined-contribution pension plans in the last 10 years. This shift has been driven by a desire to reduce costs and risks for the employer, as defined-benefit plans require them to guarantee a certain level of retirement income to employees, whereas defined-contribution plans only require them to contribute a fixed amount to the employee's retirement savings. This shift has also put more responsibility on employees to manage their own retirement savings, as the investment risk and potential rewards are shifted to them.

In the Last 10 Years Many Employers Have Shifted from