Collective Defiance - Eldritch Moon Promos

Collective defined contribution (CDC) pension schemes are occupational pension arrangements that pool contributions from members and employers in a single collective fund and aim to provide a target income for life rather than a guaranteed benefit. Contributions are fixed in advance, as in a defined contribution pension scheme, but assets are invested collectively and investment and longevity risks are shared between members, so that benefits can be adjusted up or down to keep the scheme in balance. In design, CDC schemes sit between defined benefit pension schemes, where most risk is borne by the sponsoring employer, and individual defined contribution schemes, where most risk falls on the saver.