Tag: 401(k) fees|401(k) plans|Pension freeze|Public pension plans|Study|Traditional (defined benefit) pensions
Bring back good old pension plans
A study that compared defined benefit retirement plans — old-fashioned pensions — with defined contribution plans — 401(k)s and 403(b)s — in the public sector, concluded that not only do most participants prefer defined benefit plans, but also, they are more efficient and may in the end cost taxpayers less.
