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There are changes SECURE 2.0 made to the rules affecting defined benefit pension plans including cash balance plan compliance with back loading requirements, limitation on Mortality Improvement Rates, elimination of PBGC variable rate premium indexing, and transfer of surplus.
Matthew Giles Pension Attorney Squire Patton Boggs Birmingham, UK focusing on advising on defined benefit pension plans, focussing on a range of deficit management strategies.
they just assumed what he said was true. and so it sounds to people like this is a gift. like you re getting something extra that other people don t have. the woman who was interviewed, you know, if she had a collective bargaining unity suspect her union would have said we want part of this money to go to health care and part to pensions and that s going to mean your paycheck is smaller. you know, there is a poll out showing that cutting government worker pension benefits in the state of new jersey, 54% of the people support it. 40% oppose. these constant bullet points and the misinformation that s out there obviously is having an effect but shouldn t we point to wall street as some of the failure for pensions in this country to say it bluntly? you know, ed, that $180 million figure governor walker mentioned as a candidate is just about what wall street gets in fees every year from the wisconsin pension plan. and by the way, defined benefit pension plans are economically efficient an