Are Taft hartley plans defined benefit or defined contribution?

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2026-03-31 05:35

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Taft-Hartley plans are typically defined benefit plans, but they can also be structured as defined contribution plans. These plans are established through collective bargaining agreements and are usually funded by contributions from employers and employees. The specific type of benefit provided depends on the plan's design, but they primarily aim to provide retirement and health benefits to union members.

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