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The DB(k): The Pension of the Future
The Kiplinger Washington Editors
Aug. 19, 2009
Excerpt: An attractive new option for employer sponsored retirement plans becomes available next year. The 'DB(k)' offers businesses with 500 or fewer employees an opportunity to provide a strong retirement plan for their employees with fewer hassles and less financial drain than a traditional pension plan. The DB(k) melds a 401(k) savings plan with a small guaranteed income stream. 'You take the best of the defined benefit concept and put it together with a 401(k) plan,' says Lynn Dudley, senior vice president for policy with the American Benefits Council.
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