Target Replacement Rates in DB Plans

[Guest woodward618]

Our retirement committee is considering changing our benefit formula for our DB plan. My department has been asked to look into what other DB plan sponsors are using as a target replacement rate, whether it takes into consideration Social Security benefits or just the DB benefit itself. Any ideas on where I can find this kind of information or would anyone be willing to give me a replacement rate that their plan uses?

Thank You!

[david rigby]

Not aware of anything for free. This link might give you a start. http://www.plansponsor.com/magazine_type1/?RECORD_ID=10487

Beware, the link at the end of the article no longer works, so try here for a contact:

http://www.cba.gsu.edu/news/01/retirement.html