Loan & Distribution Specialist AimPoint Pension
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Compass
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AimPoint Pension
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Bates & Company, Inc.
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Regional Vice President of Sales The Retirement Plan Company
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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State And Local Pension Reform Since the Financial Crisis (PDF)
Center for State & Local Government Excellence Dec. 30, 2016 "74 percent of state plans and 57 percent of large local plans have cut benefits and/or raised employee contributions to curb rising costs. While the majority of state and local plans reduced benefits for new employees only, 25 percent also cut benefits for current employees. The two most common benefit reductions for current employees were increases in employee contributions and reductions to the COLA.... Plans more likely to make cuts had the highest annual required contribution (ARC) as a percentage of revenue or had lower employee contributions." |
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