Listen to a Business English Dialogue about Defined contribution pension plan
Martin: Hey Charlotte, have you heard about defined contribution pension plans?
Charlotte: Hi Martin, yes, I have. They’re retirement plans where employees and employers contribute money into individual accounts, typically invested in stocks, bonds, or mutual funds.
Martin: Right, unlike defined benefit plans where retirees receive a fixed amount based on salary and years of service. Do you have a defined contribution plan with your current job?
