Pensions: The Basics
Our colleague Mark Firman from our Toronto office has recently posted a couple of short pieces to help sort out the differences and pros and cons between defined benefit and defined contribution pension plans.
These are good reads for anyone thinking about setting up, reviewing or changing pension plans.
Look here to see Part I - The Basics.
Then you can look here to see the sequel - The Wolf in Sheep's Clothing.
compensation defined benefit defined contribution pension