Pentegra |
Defined Benefit Calculation Specialist/Actuary The Angell Pension Group, Inc. |
Trucker Huss, A Professional Corporation |
Nicholas Pension Consultants |
Retirement, LLC |
Retirement Plan Legal Specialist Pentegra |
United 401(k) Plans, Inc. |
Central Pension Fund of the IUOE |
Retirement Plan Relationship Manager ERISA Services, Inc. |
Retirement Plan Documents Specialist Loren D. Stark Company |
Carpenter Morse Group |
Compass Retirement Consulting Group, Inc. |
Central Pension Fund of the IUOE |
Retirement Plan Administrator (TPA) Retirement Plan Consultants |
Nova 401(k) Associates |
Jr Retirement Plan Administrator/ Administrative Assistant Hochheiser Deutsch & Co, Inc. |
Bates & Company |
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
| |
<< Previous news item | Next news item >>
Freezing of Public DB Plans Doesn't Mean Higher Taxes The Wall Street Journal; subscription may be required ![]() [Opinion] Mar. 26, 2015 "[T]he public-pension industry -- government unions and the various financial and actuarial consultants employed by pension-plan managers -- claims that 'transition costs' make switching employees to defined-contribution pensions prohibitively expensive. Fear of 'transition costs' has helped scuttle past reforms in Pennsylvania, as in other states.... [But] nothing requires a closed pension plan to pay off its unfunded liabilities rapidly, and there's no reason it should. Unfunded pension liabilities are debts of the government; employee contributions are not used to pay off these debts. Whether new hires are in a defined-contribution pension or the old defined-benefit plan, the size of the unfunded liability and the payer of that liability are the same." |
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above). |
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified). |