Bureau of National Affairs, August 15, 2008
BNA reports on NIRS latest research, which indicates that defined benefit plans are more cost effective than defined contribution plans because of longevity risk pooling, portfolio diversification, and superior returns.
The article indicates that NIRS executive director Beth Almeida calls the report “the first of many that the institute expects to contribute to current policy debates about the cost of defined benefit plans.”
“We think this report is something of a myth buster,” Almeida, an economist, said during an Aug. 14 conference call.
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