Chart 6. Percentage share of employer costs for retirement benefits, private employers, 1987–2022
Year	Defined benefit	Defined contribution
1987	86.1	13.9
1992	79.3	20.7
1997	46.7	53.3
2002	34.5	65.5
2007	44.4	55.6
2012	41.7	58.3
2017	39.5	60.5
2022	29.4	70.6
Note: Data from 1987 to 1997 are annual; data for 2002 forward are from the 4th quarter of each year. Source: U.S. Bureau of Labor Statistics.