"Defined benefit plans are the cornerstone of retirement security. They are cost effective for both employers and employees. For employers, they are a cost effective tool for recruitment and retention. And for employees, they ensure adequate and predictable income in retirement. Research has shown that a defined benefit plan can offer the same benefit as a defined contribution plan for an almost fifty percent lower cost. This is a result of pooled risk, professional asset management, and lower fees. 'Although there are legitimate discussions to be had about the particulars of pension plans, we believe that defined benefit plans should not be discarded.'"