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401 Not O(k)
Andrew Sullivan in The Atlantic 
[Opinion] Dec. 7, 2008 Excerpt: A wonky e-mail from a reader: I'm an ERISA employee benefits attorney who started out working for Nebraska's state pension plans. I've thought a lot about the 'defined contribution' (e.g. 401(k) versus 'defined benefit' (e.g. traditional state pension) debate. I tend to agree with most of the criticisms of 401(k) plans that you cited -- But I think you need to think more about the actual state of large state defined benefit pension plans. MORE >> |
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