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Bring back good old pension plans

Outlet: 
Bankrate.com
Date Published: 
Sunday, October 2, 2011

A study that compared defined benefit retirement plans -- old-fashioned pensions -- with defined contribution plans -- 401(k)s and 403(b)s -- in the public sector, concluded that not only do most participants prefer defined benefit plans, but also, they are more efficient and may in the end cost taxpayers less.

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