Most (if not all) gov't pensions still have the defined benefit part as the "optimal" choice even when they offer defined contribution plans.
They can also offer some really nice benefits like accessing your pension income at 55 which can be a substantial portion of your last year's salary, and you can keep working elsewhere if you want.
Most (if not all) gov't pensions still have the defined benefit part as the "optimal" choice even when they offer defined contribution plans.
They can also offer some really nice benefits like accessing your pension income at 55 which can be a substantial portion of your last year's salary, and you can keep working elsewhere if you want.