Compass
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Regional Vice President of Sales The Retirement Plan Company
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AimPoint Pension
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Flaws of Adopting Cost Cutting in Switching Public Employees to DC Plans
Pensions & Investments Jan. 20, 2014 "[P]ublic pension systems appear poised to emerge stronger than before the financial crisis thanks in large part to state policymakers' resistance to calls for extreme measures, while undertaking prudent state reforms and enjoying economic recovery.... Although the environment back in 2008 appeared fertile for a wholesale switch to individual defined contribution accounts from defined benefit pensions, it never happened.... [W]hy did policymakers stick with their defined benefit plans in the face of financial pressure and the corporate trend away from them?" |
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