For
defined benefit plans think pensions or any other employer retirement plan that is not a defined contribution plan.
Not exact matches
«I really
think that any way you look at it, having that
defined benefit plan, and a strong one, is still a smarter choice for people,» DiNapoli said on the program «Here & Now.»
If you don't
think the classic Final Average Salary
Defined Benefit plans are the way to go, there are a lot of better options than throwing everyone into a 401k.
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.
The
thought of a stable salary and
defined benefit pension
plan may be appealing to some, but others, like you — and me — prefer a little more control over destiny.
Gone are the days of
defined benefit plans (
think old - school pension
plans) that provided a guaranteed stream of lifetime income.
Now,
think of a life insurance company, a long - tailed casualty insurer or a
defined benefit pension
plan.
«Many companies now are moving new employees into
defined contribution
plans out of
defined benefit plans and I
think they and the employees would want a third option,» Sorenson said.
I
think you can pick up any standard textbook on pensions and it will tell you that
defined benefit plans have a low legal risk but potentially fatal financial risk.