Effect of 2008 Recession on Profit-Sharing Plans and Other Defined Retirement Contributions
Following the 2008 recession, the U.S. pension landscape has changed dramatically over the past three decades regarding the type of retirement plan. The country has experienced a shift in the most prevalent system of retirement plans, from defined benefit plans to defined contribution plans (Munnell & Rutledge, 2013). The transition has brought about an alteration of responsibilities and risks from bosses to workers, who are now compelled to make their





