Vicki Robbins is just finishing her first year of retirement as a defined benefit pensioner.
In her last few years of work, Vicki worked with a lot of young people, who she regularly advised would be "out of their minds" not to join their workplace pension plan.
"Often people would say 'I can't afford the deduction off my paycheque'," said Vicki, but she would remind them of the benefits, including that the employer also contributes. Most importantly: "you will have a defined benefit income when you retire for the rest of your life which is as scarce as dinosaurs roaming the planet."