In the News • November 9, 2009
Public Pension System Worries About 401(k)s
The Detroit News, November 9, 2009 — Municipal Employees Retirement System of Michigan CEO Anne Wagner says that defined contribution plans alone cannot provide a secure retirement. She indicates that individual accounts were originally meant to be a supplement for retirement. Wagner cites a recent study by the National Institute for Retirement Security indicating that defined benefit plans […]