Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
Nova 401(k) Associates
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|Income Inequality: Hidden Economic Cost of Prevailing Approaches to Pension Reforms (PDF)|
National Conference on Public Employee Retirement Systems [NCPERS]
May 17, 2015
"[I]ncome inequality was highly co-related with the trend toward conversion of DB into DC plans.... This correlation is robust and means that the lower the percentage in the workforce with DB plans, the higher the income inequality.... Rather than making changes such as increasing employee contributions, cutting benefits, converting DB plans into DC or hybrid plans, and so forth, policymakers should close tax loopholes."
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