Top pension plan may change to 401(k)-style plan

[notadoc]

"The top-rated and tightly managed Dutch retirement systems, sometimes cited as an example of how struggling U.S. public pensions should be run, may go over to the other side — switch to a 401(k)-style plan advocated by pension critics."

"“After the financial collapse of 2008, workers and retirees in the Netherlands took the bitter medicine needed to rebuild their collective nest eggs quickly, with higher contributions from workers and benefit cuts for pensioners,” said the New York Times story."

 

https://calpensions.com/2017/10/23/top-pension-plan-may-change-to-401k-style-plan/:link

 

[ENT Doc]

The public pension liabilities in this country are obscene and should not be, at least primarily, based in fixed payments.