Nearly half of U.S. workers do not have access to a retirement plan at work. DO YOU?
Worries about retirement security abound. Families fear that they won’t have enough to support an adequate retirement income as home values and financial markets plummet. Dwindling profit margins have employers looking to cut costs.
August 14, 2008, Washington, D.C. – A new report finds a defined benefit (DB) pension can deliver the same retirement income at 46% lower cost than an individual defined contribution (DC) account.
Two important media outlets have published noteworthy articles on retirement security issues.
An August 4th Wall Street Journal feature covered West Virginia’s switch back to the pension system.