Which statement best explains the reason for the decrease in popularity of "defined benefit plans" by employers in Canada?

A) There has been increased longevity of employees.
B) Defined benefit plans are simply not popular among employees.
C) They help organizations plan more accurately; hence,they make it easier to fund these liabilities.
D) Employers believe defined contribution plans are much more unpredictable from a funding perspective.

Defined Benefit Plans

Retirement plans promising a specified monthly benefit at retirement, often based on salary and years of service.

Longevity

The length of time an individual or entity has been in existence or operational, often used in the context of work tenure or product durability.

Defined Contribution Plans

Retirement plans in which employees contribute a fixed amount or percentage of their salaries, and the final benefits depend on the plan's investment performance.