The whole pension fund concept only works because it declares how much is going to be paid out.

Who’s going to pay in if the fund expects a guaranteed commitment but refuses to give such in return?

> Who’s going to pay in if the fund expects a guaranteed commitment but refuses to give such in return?

Literally defined contribution [1].

arjie 3 hours ago | parent | prev | next [-]

It’s called a defined contribution pension as opposed to a defined benefit pension. They exist.

	▲	skeeter2020 2 hours ago \| parent [-]
		not only do they exist, they are by far the more common variant. Whenever you hear about a massive unfunded pension liability it's a defined benefit plan.

ericd 3 hours ago | parent | prev [-]

401ks don’t guarantee results for a given amount of input, and people still stuff away lots into them?

	▲	hvb2 an hour ago \| parent \| next [-]
		The tax code is also really powerful in sending money to certain products
	▲	hiitsmyaccount 3 hours ago \| parent \| prev [-]
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