Survey Says Published in February 2012
Can DC Plans Adequately Replace the Income Provided By DB Plans?
Late last year, in a discussion of the New York public pension system, Thomas DiNapoli, the state’s comptroller and sole trustee of the $133.8 billion New York State Common Retirement Fund (CRF), said 401(k) plans are not adequate to replace defined benefit plans. This led us to ask NewsDash readers whether they thought defined contribution plans are able to provide retirement income as adequately as defined benefit plans.
Bells & Whistles – February 2012