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Lincoln, Nebraska, Police and Firefighters Oppose Move from DB to 401(k)
Lincoln Journal Star 
[Opinion] Aug. 2, 2012 "As recently as 2008, the Lincoln [Nebraska] Police and Fire Pension Fund was 100 percent funded. Today, it is 81 percent funded, and the reduction is due to the devastating recession our nation has experienced. As the market recovers, so will the pension fund.... Closing a defined benefit plan and funding a new defined contribution plan will increase costs to the city for no fewer than 15 years." MORE >> |
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