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Revisiting the DB-DC question.(Interview)
THE DB PERSPECTIVE
By Keith Brainard
The following is reprinted with the permission of the National Association of State Retirement Administrators. It was originally published in the Spring 2005 issue of NASRA News.
The defined benefit plan is the foundation of retirement benefits for most public employees and serves as the unifying element binding the public retirement system community. Yet many DB plans, which have enjoyed near-monopoly status for generations among most of state and local government, now find themselves in competition with their chief counterpart: defined contribution plans.
The threat from advocates of DC plans is ...
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Source: HighBeam Research, Revisiting the DB-DC question.(Interview)