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Will Switching Government Workers to Account-Type Plans Save Taxpayers Money?
Economic Policy InstituteLink to more items from this source
[Opinion]
Mar. 5, 2015

"Advocates of these types of plans say they are a compromise between those who want to maintain traditional pension plans and those who push for a transition to a 401(k)-style system. However, DC and hybrid plans, which can collectively be referred to as account-type plans, fail on three important points: They do not help states save money.... They create more workforce management problems than they solve.... They increase retirement insecurity."

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