As an employee, would you prefer to participate in a defined-benefit pension plan or a defined-contribution pension plan? Explain your answer.

If you are a risk-averse person and plan to stay in the same job for a significant portion of your working life, you may prefer a (Click to select) defined-benefit defined-contribution plan. The longer you work for a company, the (Click to select) lower higher the pension benefits and (Click to select) your employer bears you bear the risks associated with the assets in which the pension contributions are invested.

If you plan to change jobs regularly and (Click to select) are are not confident about making investment decisions about your retirement savings, you may prefer a (Click to select) defined-benefit defined-contribution plan.