what are the advantages and disadvantages of a defined benefit retirement plan?

what are the advantages and disadvantages of a defined benefit retirement plan?
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Answer :

The advantages of a defined benefit retirement plan is that you will be clear from the outset what benefits you will have and be able to plan accordingly throughout your work years. An major disadvantage is that it is often difficult to redefine the terms within the plan to adjust for new conditions that might arise throughout your work year.
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