Federal workers are more likely to have fat compensation packages of government-defined benefit plans and pensions.
Defined benefit pension plans may be terminated by either the employer or the PBGC.
In recent years, defined contribution plans have been steadily replacing defined benefit plans across most industries.
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The PBGC is effectively propping up an institution that is becoming increasingly anachronistic: defined benefit pensions.
FORBES: The Pension Benefit Guaranty Corporation's Real Crisis
That is, all sorts of employer-sponsored provision, whether defined benefit, defined contribution or hybrid.
In a defined benefit plan, the employer promises workers a specified level of income upon retirement.
The bill will switch part of pension compensation from a defined benefit to a defined contribution.
"I never assumed I'd have a pension, " says Friend, who is a defined benefit plan actuary.
As of year-end 2005, 627 of the nation's largest 1, 000 corporations still sponsored defined benefit plans.
That's because of a crucial difference between defined contribution plans like 401(k)s and defined benefit pensions.
Review benefit options if your spouse had e.g. a defined benefit plan at work.
To punish private sector defined contribution plans and reward public sector defined benefit plans is egregiously self-serving.
Politicians cannot be trusted to resist the temptation of balancing the budget by underfunding defined benefit plans.
The investment performance shortfall between defined contribution and defined benefit plans cannot be blamed entirely upon participants.
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Conservatives need to recognize that Social Security will remain a defined benefit program for the foreseeable future.
We'll look at state pensions, defined benefit and defined contribution pensions, personal pensions and self-invested personal pensions.
The result: Only 39% of covered workers still have defined benefit plans, down from 83% in 1980.
It makes no sense, but this is the outcome of a defined benefit retirement system run amok.
Once upon a time the traditional defined benefit pension plan was a powerful means to lock employees in.
Participants in defined benefit plans are generally less concerned about and aware of plan performance and asset allocation.
If you are fortunate enough to be a participant in a defined benefit plan, the same logic applies.
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The Coalition to Preserve the Defined Benefit System, a newly formed lobbying group of 57 companies, including R.
Private-sector employers jumped on the bandwagon, but took it one step further, eliminating their defined benefit plans.
The private sector mostly has defined contribution retirement plans whereas government union workers mostly have defined benefit plans.
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They offer a defined benefit at a given retirement age that has long been rendered obsolete by demography.
Saving for retirement is not as easy as it used to be in the days of defined benefit plans.
It points out that EU rules mean deficits are not allowed in defined benefit schemes which cross national borders.
Some seminars are designed to educate employees on plan switches--usually to a defined contribution from a defined benefit setup.
Again, I suspect these plans suffer from profound neglect because everyone involved is focused upon the defined benefit pensions.
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American sponsors four defined benefit pension plans covering nearly 130, 000 workers and retirees.
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