Briefing Note 2 - The shift from Defined Benefit to Defined Contribution
Occupational pension provision in the private sector is declining. There were 10.1 million active occupational pension scheme members in 2000, compared to the high point of 12.2 million in 1967. There has also been a shift in the type of occupational pension schemes with employers closing Defined Benefit (DB) arrangements and replacing them with Defined Contribution (DC) schemes.
This Briefing Note looks at why employers are closing DB schemes and whether the shift is a problem.
To download Briefing Note 2, please click here.
Keywords: occupational, employer, private, non-state, work-based, DC, Defined Contribution, DB, Defined Benefit, employer,employer sponsored, contribution