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Examples
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Some private employers offer so-called defined-contribution plans, including 401k plans, in which benefits depend on employees' contributions and how they're invested.
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So-called defined-contribution plans will gradually take over the market, shifting the residual risk of incurring high health-care costs from employers to workers.
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The Republican alternatives including those put forth by House and Senate Republicans and then-presidential candidate John McCain contain common features: Convert Medicare into a defined-contribution plan, block grant Medicaid, allow interstate sales of insurance, provide tax credits for purchase of individual insurance plans, enact real tort reform and expand health savings accounts.
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Already, the prospect "is putting downward pressure on fees," said Lori Lucas , leader of consulting firm Callan Associates Inc.'s defined-contribution practice.
401(k) Plans Step Into the Sunshine Kelly Greene 2012
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Those, of course, largely have been replaced with 401k and other "defined-contribution" plans, in which workers shoulder all of the risk involved in making their savings last.
Annuitizing Your 401(k) Kelly Greene 2012
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They receive both a definedbenefit and defined-contribution pension plan, can retire with full benefits at 56, and receive significantly more paid leave than their private-sector counterparts.
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If government workers were moved to defined-contribution pensions, it would be much easier to ensure fair market compensation in government.
Why Public Pensions Are So Rich Andrew G. Biggs 2012
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Also, Mr. Geithner told Congress that until the limit is increased, Treasury will be unable to invest fully in the Government Securities Investment Fund, or G Fund, a money-market defined-contribution retirement fund for federal employees.
U.S. Acts to Stay Below Debt Limit Jeffrey Sparshott 2012
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Switching to a defined-contribution structure would greatly reduce the risk of a meltdown
Lifespan Calculations, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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But that whole thing of block granting many government programs and turning Social Security and Medicare into defined-contribution plans is the only way to fix the problem long term.
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