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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|Pennsylvania Governor Proposes New Retirement System Compromise|
Pensions & Investments
Sept. 18, 2015
"The proposed plan includes a mandatory, 401(k)-style plan for all new employees making at least $75,000 annual income. In addition, all employees could be given the option to participate only in a defined contribution plan at their time of hire. The plan also features a risk-sharing component for all new employees.... [T]his proposed plan would reduce Wall Street management fees within the state's two largest retirement systems by a combined $200 million annually. The total savings to the state are an estimated $20.2 billion."
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