Sentences with phrase «because defined benefit plans»

Because defined benefit plans are much more expensive than defined contribution plans, fewer employers are offering them year over year.

Not exact matches

Saunders, the president of the Vancouver and District Labour Council, says that Canadian workers and their pensions are more exposed to risk during market trouble because of the successful campaign over the past decades to move from defined benefit pensions, which guarantee a certain monthly amount when you retire, to defined contribution plans, promoted by market enthusiasts.

Communities across Illinois are being forced to cut local services and raise taxes to afford their pension payments, putting residents who rely on local government services at risk because of the inherent failures of defined - benefit plans.

But under the Employee Retirement Income Security Act, which sets minimum standards for defined benefit and defined contribution retirement plans, and the IRS code, which oversees IRAs, a fiduciary advisor would be prohibited from earning commissions on investments for those accounts because that would not be considered to be acting in the best interest of the client.

A report issued by the American Federation of Teachers today purports that Paul Tudor Jones, Peter Kiernan, Ken Langone, Daniel Loeb and Dan Senor support the replacement of defined benefit plans because of their association with StudentsFirstNY.

Most public school teachers participate in defined benefit (DB) pension plans, which because of different accounting rules contribute significantly less today for each dollar of future retirement benefits than private - sector DB pensions or defined contribution (DC) pension plans.

I chose Ohio because the details of its plan are well documented in previous research, and its features are fairly typical of defined - benefit plans in many states.

Two, because 90 percent of teachers are enrolled in defined benefit pension plans that push out veteran teachers, these demographic trends have widened the gap in retirement ages.

«We've gotten through these really rough economic times, and because we've gone through this recession, we've seen the benefit of a defined - benefit plan,» Mr. Clemens said.

When one includes these costs with fringe benefits, the trends are less clear, because contribution amounts to defined benefit plans vary from year to year depending (in part) on stock market performance over time.

Because teachers in Maryland participate in Social Security, they are required to contribute to two defined benefit - style plans.

You know you should be thinking about retirement savings too, because the days are gone when you could expect to retire with a generous defined benefit pension plan.

«In contrast, defined benefit (DB) and defined contribution (DC) plan annuitants believe they are more financially secure because of their annuity than their friends and neighbors who don't have guaranteed income from an annuity (58 %), and a nearly equal percentage believe they are more confident in their financial decisionmaking (56 %).»

Finally, regarding his feeling of security with his Defined Benefit Pension Plan (DBPP), DeGoey has this to say: «If Trevor feels as secure as he says he is because of his solid Defined Benefit Pension Plan (DBPP), then why is he investing so conservatively, aiming only to replicate purchasing power?

Lately, it's been getting a bit of interest because some parties see it as a threat to much - loved Defined Benefit (DB) pension plans for federal government workers and Crown Corporation employees, (such as Canada Post, CBC, Via Rail, etc.).

Sorenson said in an interview that the target proposal is needed because many defined benefit plans have run into funding difficulties since the economic crisis and many Canadians, especially new hires, are no longer being offered defined benefits.

Then there are the efforts to discourage defined benefit plans, which came about because the IRS felt that they were losing too much tax revenue to overfunded plans.

They are locked in because the money in a LIRA comes from a defined contribution (DC) or defined benefit (DB) pension plan when you leave your employer.

Corporations have been terminating defined benefit plans (as I predicted 15 years ago) because they can't afford them.

This is doubly so because, as Machin also pointed out, the general climate of retirement pessimism is exasperated by the fact «private sector defined benefit pension plans have virtually disappeared from the Canadian retirement landscape.»

Because employers are this company's key market, Securian works with groups in identifying the right plan types for their needs — from profit sharing and 401 (k) s to defined benefit and cash balance plans.

«I mention this well - known background because today we are stepping back and asking, what can we do to help plan sponsors make their defined contribution plans just as effective at creating retirement wealth as have been DB [defined benefit] plans?

Another is that he doesn't need particularly large savings in a registered plan because he will be receiving retirement income from a defined - benefit pension plan.

Because with advancing old age, running out of money becomes the major preoccupation for many middle - income seniors not lucky enough to be members of a defined benefit (DB) workplace pension plan.

Federal government policy, which has regulated defined benefit plans heavily and mandated plan designs for distributions, has tread more lightly on defined contribution plans because of their historical secondary nature.

Because fewer life insurance companies are offering defined benefit pension plans today, fewer people can rely on a steady stream of lifetime income at retirement.

SPIAs have increased in popularity in recent years because of the decline of the defined benefit plan.