Sentences with phrase «style defined contribution plans»

Pension debates often frame traditional defined benefit plans versus 401k - style defined contribution plans.

Pension debates often turn on traditional defined benefit versus 401k - style defined contribution plans.

This will give fodder to the crowd that claims that defined benefit plans do a better job of retaining employees than 401k - style defined contribution plans and support those seeking to preserve the status quo in most other states.

The latest example comes from a report from William B. Fornia and Nari Rhee published by the National Institute on Retirement Security (NIRS), in which the authors attempt to estimate whether pensions or 401 (k)- style defined contribution plans are a «better bang for the buck.»

DiNapoli has been critical of the governor's push for Tier VI, a new, less generous pension tier for future state workers that includes the option of a 401 (k)- style defined contribution plan.

State Comptroller Tom DiNapoli today issued an aggressive defense of the current pension system andm — without getting into specifics — slammed Gov. Andrew Cuomo's proposal to offer a 401 (k)- style defined contribution plan as part of his Tier 6 proposal, calling the change «unacceptable» and «extreme.»

Yesterday, the Fordham Institute released a new paper from Marty West and Matt Chingos analyzing a 2002 policy change in Florida which allowed teachers to choose between a traditional defined benefit pension plan and a 401k - style defined contribution plan.

ALL Public Sector Defined Benefit pension Plans should be hard frozen (ZERO future growth) for the future service of CURRENT workers, and replaced for Future service with a 401K - style Defined Contribution Plan with an employer (meaning Taxpayer) «match» comparable to what Private Sector workers typically get from their employers....

But instead of simply trimming existing teacher pensions, alternative benefit designs like 401 (k)- style defined contributions plans or cash balance plans would enable all public school teachers to accumulate savings toward a secure retirement, including those with shorter careers.

Not exact matches

Defined contribution plans are pension - style retirement plans where the defining factor is the amount of money contributed to the plan.

The annuity - based SUNY retirement model represents a far better alternative than the defined - contribution proposal in Cuomo's original Tier 6 plan, which would have made a poorly designed and underfunded 401 (k)- style retirement account an alternative to the traditional pension for all workers, unionized as well as non-unionized.

If school systems used modern 401 (k)- style defined - contribution plans, early departing teachers could take their retirement savings with them, as many private - sector employees currently do.