:

What is the most common type of pension?

According to the U.S. Bureau of Labor Statistics, defined contribution plans became the most common type of retirement plan offered by private-sector employers, with access rates for defined contribution plans significantly outpacing defined benefit plans by 2023. This marked a major shift in how retirement security is structured, making the answer to **what is the most common type of pension** a vital piece of knowledge for modern workers and retirees alike.