When enrolling in a defined benefit pension plan, it's crucial to thoroughly understand the impact of deductions on your overall benefits. These deductions are typically made automatically from your paycheck and influence both the amount of your pension payout at retirement and your current income. Understanding the intricacies of these deductions

Defined benefit plans are a type of retirement plan that offers a specific monthly payment determined by your salary history and years of service. For contributions to defined benefit plans, you may see regular deductions from your paycheck. These deductions correspond to a portion of your income that is reserved for your future pension benefits.