Should defined-benefit plans be replaced by defined-contribution plans, thereby avoiding the risk altogether?

208 Defined Benefits Plan

Post your answer to the questions below. Postings should be at least 1 – 2 complete paragraphs including in-depth content that demonstrates knowledge of the subject matter. Be sure to use correct grammar and spelling.
• In recent years, many defined-benefit retirement funds have been unable to meet their obligations. These failures include both private companies and government funds . There are many reasons, but often these failures are due to the same sort of issues that have caused Social Security to be in trouble.
• What kind of solutions would you recommend for this serious matter?
• Should defined-benefit plans be replaced by defined-contribution plans, thereby avoiding the risk altogether?