Nicholas Pension Consultants
Nova 401(k) Associates
Compensation Strategies Group, Ltd.
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|Striking Correlation Between Negative Pension Changes and Income Inequality|
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May 5, 2015
"Data at the national level showed that a trend of converting DB plans into defined contribution (DC) plans exacerbated income inequality in the U.S. At the state level, there is a positive relationship between the number of negative pension changes, such as reductions in benefits, and income inequality. This suggests that as a state makes more negative changes, its rate of income inequality increases and that, in turn, hurts the economy."
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