Pension Wars
Detroit Delays Pension Freeze
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  • Ollie’s Dad

    In reviewing this and other defined benefit vs. defined contribution battles, I wondered: “what if defined contribution plans had been widely adopted first and employers were now trying to switch them to defined benefit plans?” It would not be surprising to see participants question the motives and sustainability of such a switch. Trading tangible assets in an account today for promises decades from now might look like a swindle in the making. It’s easy to imagine them saying “keep your hands off MY money!”

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