Orange County Employees Retirement System
The Retirement Plan Company
Retirement Learning Center
Tycor Benefit Administrators, Inc.
Nicholas Pension Consultants
Abacus Retirement Solutions, LLC
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|Public Pensions, Like Private Pensions, Are Moving to Defined Contribution Plans|
San Francisco Chronicle
Jan. 10, 2005
Excerpt: Arnold Schwarzenegger is not the first governor to propose saving money by closing the state's defined-benefit pension plan to newly hired public employees, putting them instead in a defined contribution plan, similar to a 401(k). A couple of states including Michigan have already done so for all or some new employees. More states have started 401(k)-style plans as an option for new and, in some cases, present employees.
|Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).|
|An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).|