Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
Atlantic Pension Services Inc
Nova 401(k) Associates
The Retirement Plan Company (TRPC)/an ABG firm
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|Public vs. Private Employees on the Pension Crisis: Nobody Wants Responsibility|
Feb. 9, 2015
[Yesterday's newsletter contained a link to the press release; here is a lengthier article.] "[P]rivate sector workers -- who largely fund government workers' defined benefit pensions -- strongly favor shifting current employees to 401k style accounts by a margin of 65 to 31 percent. However, public employees oppose 52 to 46 percent. Nevertheless, a slim majority of government workers would favor such a reform if it only applied to future government workers, and not themselves (54 percent favor to 43 percent oppose).... [G]overnment workers remain opposed to 401k-style accounts even if that means taxes would have to be raised on everyone else or government would have to cut services."
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