Defined Benefit plan is guaranteed for lifetime. Defined Contribution plan is not guaranteed for lifetime. The employer responsible for investing the contribution. The employee responsible for investing the contribution. Generally favors older, longer-serving employees. Better for the younger workforce. Amount of retirement income stream is known. Amount of retirement income stream is unknown. www.pensiondeductions.com Visit DEFINED BENEFIT PLAN VS DEFINED CONTRIBUTION PLAN Comparing two types of pension plans Understand your Pension Plans DEFINED BENEFIT PLAN DEFINED CONTRIBUTION PLAN