Journal of Pension Benefits, Winter 2009
The advantages of defined benefit plans for employees are well-recognized, but less well-understood are the economic benefits these plans can provide employers and taxpayers.
This article reviews the findings of a recent study on the economic efficiencies of defined benefit plans and concludes that defined benefit plans can do more with less, as compared with typical defined contribution approaches. The findings suggest that a re-examination of the economics of defined benefit plans may lead to a renewed appreciation for traditional pensions.
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