In episode 5 of the Retirement Education Series Captain Pat May (Negotiating Committee Chairman), Captain Rich Brown (Negotiating Committee Member), Captain Ben Douglas (Retirement & Insurance Chairman), and Captain Kevin Biggins (Retirement & Insurance Vice Chairman) discuss defined contribution plans, the advantages and disadvantages of defined contribution plans, IRS limits in defined contribution plans and a defined benefit plan that has the characteristics of a defined contribution plan called a cash balance plan.
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