Sentences with phrase «with traditional defined benefit plans»

Part of the problem may have to do with the fact that employees have little involvement with traditional defined benefit plans, says Wendy Foster, senior vice president in Fidelity's defined benefit business.

Not exact matches

The NIA's study found that people with defined - benefit plans, such as traditional pensions, retire on average 1.3 years earlier than those with defined - contribution plans, such as 401 (k) s.

It gave teachers a choice between a traditional defined benefit plan and a hybrid plan that combined a less - generous defined benefit with a defined contribution component.

As with teachers, traditional defined benefit plans create strong incentives for administrators nearing normal retirement to continue on the job until their pension wealth peaks, and the turnover rates from the principal survey confirm this trend.

All five states provide traditional final average salary defined - benefit plans to teachers, with some differences.

This paper studies the pension preferences of Washington State public school teachers by examining two periods of time during which teachers were able to choose between enrolling in a traditional defined benefit plan and a hybrid plan with defined benefit and defined contribution components.

As with teachers, traditional defined benefit plans create

The notable exception is among teachers who were over 55, and or teachers with relatively high experience levels, who were more likely to choose the traditional defined benefit plan.

CNBC noted in 2011 that the traditional defined company retirement benefit plan, with employers contributing funds or matching employee retirement contributions, has evaporated from the workplace.

«With the private sector moving quickly away from traditional defined benefit pension plans, a shared risk model will be a terrific addition to Canada's pension landscape,» said CFIB president Dan Kelly.

Irda recently issued letters to all life insurance companies, seeking details on three types of traditional plans: those where death benefit is defined as a return of premium (with or without interest), products in which the initial death benefit is significantly high and reduces subsequently during the currency of the contract, and products in which insurance cover is insufficient / insignificant in relation to the premium, i.e. products mostly of the savings type.

Contributing to this new reality has been the diminishing role of traditional pension plans with defined benefits in favor of 401 (k) savings plans.»