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Date: November, 2009

  • In the NewsNovember 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 […]