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The Real Truth About Defined Benefit Plans (PDF)
Eric Cerling in Contingencies
[Opinion] Apr. 30, 2008
3 pages. Excerpt: Consider, for example, the following 'surprising' statements: First, DB plans are more efficient (and, therefore, less costly) than DC plans in providing covered employees with comparable levels of retirement income. There are two components to the cost of any benefit program. By far, the largest component is the cost of the benefits themselves. The other is the cost of administration.
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