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I have to participate on a panel that looks at the current state of the U.S. defined contribution system. This event forces me to reassess my views on 401(k) plans. I start with the premise that the move away from defined benefit plans to 401(k)s in the private sector is not reversible. Employers do not…
In the wake of the economic crisis, the health of state and local pension plans has emerged as a front burner policy issue. This book tells the big and complicated story of public plans, addresses current “hot button” issues, and highlights future challenges that all plans face. View the book summary. View myths and realities about…
