National Institute on Retirement Security Report

“…large, publicly managed pension funds create all manner of opportunities for political mischief.”

Headline on WSJ Editorial 10/3/07 Use editorial to promote replacement of DB Plans with DC Plans.

National Institute on Retirement Security (August 2008) report finds that a defined benefit (DB) pension plan can deliver the same level of retirement income to a group of employees at 46% lower cost than an individual defined contribution (DC) account.  Built-in features of DB plans enable the systems to be the most fiscally efficient way to provide retirement income.