By REP. KEVIN MCCABE With defined-contribution plans, employers promise to invest a certain amount of money each year. Defined contribution promises are short term, just a year at a time, and the employee is responsible for managing his or her account.  A defined benefit plan, however, is a promise to employees to pay them a set amount, in retirement, … Continue reading Rep. Kevin McCabe: Defined benefit, golden handcuffs, and HB 22’s hidden fiscal dangers for the future state budget