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John Bogle Proposes a Reformed Pension System
Financial Advisor Link to more items from this source
[Opinion]
Nov. 11, 2012
"The new system must be one that will be increasingly and inevitably focused on DC plans, albeit those that can to some degree emulate the security of DB plans. (Our Social Security system and, at least for a while, our state and local government systems, would continue to provide the DB backup as a 'safety net' for all participating U.S. citizens.) It is time for reform -- a reform that serves not fund managers and our greedy financial system, but plan participants and their beneficiaries."

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