Benefit Connection Podcast

Episode #27 - Your Retirement Itinerary: Defined Benefit vs. Defined Contribution Plans Unpacked

Host Susan Boessen uses a travel analogy to explain how defined benefit plans and defined contribution plans work differently to build retirement security.

Think of your PSRS/PEERS defined benefit plan as an all-inclusive resort, she says. The essentials are covered and you can relax, knowing everything is ready for you.

A defined contribution plan, on the other hand, is the choose-your-own-adventure vacation: You build it piece by piece, manage the ups and downs, and hope your planning pays off.

Tune in to understand why these two approaches are so different — and why your defined benefit plan is so valuable. 

Disclaimer: The opinions expressed in this podcast do not necessarily reflect the views of the Public School and Education Employee Retirement Systems of Missouri. Any examples used are for demonstrative purposes and are not designed to be member specific. This podcast is intended to serve as a resource and is not a substitute for the law. If differences are stated between this podcast and the law, the law must prevail.