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Date: October, 2008

  • In the NewsOctober 31, 2008

    NIRS Warns DB to DC Move Can Increase Costs

    Plan Advisor, October 31, 2008 Rebecca Moore freezing a defined benefit pension plan might not reduce costs. A NIRS research brief says freezing the DB plan in favor of a defined contribution plan could involve increased costs, reduced benefits, or a combination of both. “Look Before You Leap: The Unintended Consequences of Pension Freezes,” specifically […]

  • In the NewsOctober 31, 2008

    NIRS: Freezing DB Plans Can Increase Costs

    Global Pensions, October 31, 2008 Jenny Blinch reports employers looking to save money by freezing defined benefit (DB) plans are actually laying themselves open to increased costs in the long term. NIRS new pension freeze report found expenses would increase through higher costs of operating two plans, erosion of economic efficiencies, and front-loaded contribution requirements. Read […]

  • In the NewsOctober 31, 2008

    Defined Benefit Plan Freezes Raise Costs, Reduce Benefits, Retirement Institute Says

    BNA Daily Report for Executives, October 31, 2008 “Given the current economic conditions, employers certainly will be looking for ways to reduce costs,” Ilana Boivie, policy analyst with the Institute, told BNA. The research brief’s findings are “contrary to expectations, and probably not the desired result especially during tough times,” she said. The brief cited […]

  • In the NewsOctober 31, 2008

    Pension Freezes Mean Higher Costs, Less Benefits

    Pensions & Investments, October 31 2008 John Dantona reports on NIRS new report, “Look Before You Leap:  The Unintended Consequences of Pension Freezes. “States have found that abandoning a DB pension for a DC plan can actually increase costs, contrary to expectations,” Beth Almeida, NIRS executive director and co-author of the report. “Mostly, this is because […]

  • In the NewsOctober 1, 2008

    401(k) Eye Opener

    Governing, October 2008 Penny Lemov reports that a new NIRS study dispels a myth about the cost of pension plans. “A Better Bang for the Buck,” calculates that a defined benefit pension plan is nearly half the cost of an individual 401(k) type plan. “The analysis,” says Beth Almeida, executive director of NIRS, “is a myth […]