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For pensions, it's back to the future. The ''defined benefit'' plan, which pays a guaranteed monthly sum to retirees, is staging a comeback among small businesses, experts say. What has changed? The Internal Revenue Service code--as of January. Under the old rules, contributions to a 401(k) or profit-sharing plan cut into the amount a business could channel into a traditional pension plan. With the repeal of Section 415(e), the link is gone. Small to midsize companies will be most affected, says Brian H. Graff, executive director of the American Society of Pension Actuaries (ASPA). Boomer entrepreneurs, chronically behind in retirement savings, seem most eager to set up the plans. Interested? Find an enrolled actuary, or a professional certified by ASPA (www.aspa.org) or the National Institute of Pension Administrators (www.nipa.org).
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