For years, pensions have shifted from DB to DC, but a report recommends a new model
![Pension plans in need of major rethink: report](https://cdn-res.keymedia.com/cdn-cgi/image/f=auto/https://cdn-res.keymedia.com/cms/images/ca/126/0348_637323125256649073.jpg)
Pension plans can become more effective by combining the best features of the defined benefit (DB) and defined contribution (DC) models into a new scheme, according to a new report from the C.D. Howe Institute.