In the News • September 30, 2011
P&I: No Contest, New Public Workers Prefer DB
September 30, 2011 — Public-sector employees overwhelmingly choose defined benefit plans over defined contribution plans 75% to 98%, reports Pensions & Investments, citing Decisions, Decisions: Retirement Plan Choices for Public Employees and Employers. Report co-author and Milliman Inc. actuary and principal Mark Olleman told P&I,“If you had an election with 75% of the vote (for a candidate), […]