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No, Public Pension Reform Experiments Have Not Failed
Elizabeth Bauer in Forbes; subscription may be required 
[Opinion] Aug. 16, 2019 "It is entirely possible for a state or city to properly fund a Defined Benefit pension plan; it just takes discipline ... But it is only a Defined Contribution program that can wholly remove from legislators the temptation to ask (OK, require) future generations to pay for this year's benefit accruals ... Only a Defined Contribution ensures that the retirement benefit is always by definition 100% funded. And only in a Defined Contribution program is the benefit defined up front and transparent to all." MORE >> |
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