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Converting DB pension plans to DC plans impacts cash flow, increases costs: report

U.S. public sector defined benefit pension plans that have switched to a defined contribution model have experienced negative cash flows and increased costs and employee turnover, according to a new report by the National Institute on Retirement Security. The report analyzed five public sector pension plans including those in Alaska, Michigan and West Virginia. It […] ....

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New National Institute on Retirement Security Report Examines Impacts of Switching Away from Defined Benefit Pension Plans

New National Institute on Retirement Security Report Examines Impacts of Switching Away from Defined Benefit Pension Plans
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