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What is the difference between Defined Benefit Pension Plan & Defined Contribution Pension Plan?

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Question added by AHMED IMRUL KAYES , Senior Consultant , HR Bangladesh Ltd.
Date Posted: 2015/01/08
Kathy Mustafa
by Kathy Mustafa , Personal Assistant to CEO- Managing Sales and Marketing Departments , Saudi Kinda Real Estate

One is strictly your money being put away and the other (contribution plan) is employer matches your dollar amount that you put away from your salary.  

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