2025 Updates on Basics for Pension & Defined Benefit Plans

Planning for retirement is a critical financial decision, and Defined Benefit (DB) Plans provide a structured, employer-funded solution to secure a stable income in later years. Unlike Defined Contribution (DC) plans, where retirement payouts depend on investment performance, DB plans guarantee benefits based on salary history, service years, and a fixed formula. But how do these plans work, and what makes them a valuable retirement option? This course explores the fundamentals of DB plans, highlighting their advantages, funding methods, and regulatory compliance. This CPE course covers everything professionals need to know about DB plans, from understanding contribution structures to exploring retirement distribution choices. Key aspects such as benefit formulas, funding strategies, tax implications, and plan limits are explained in a simple, practical manner. With clear examples and expert insights, participants will gain a comprehensive understanding of how DB plans function, how employers manage funding obligations, and how employees maximize their benefits. Major topics covered: Defined Benefit Overview Key Plan Features Compensation & Contributions Retirement & Payout Options Funding & Compliance Rules Join this insightful course to master Defined Benefit Plans and make informed retirement planning decisions!