Quote:
Originally Posted by Slava
Yes, there are advantages without question. I'm not saying that DC plans are terrible and should be outlawed (far from it!). I just think that SebC has painted all DB plans with the same brush and is overlooking some of their major advantages.
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Outlawing them isn't the right move. But there needs to be some sort of change where comanies going bankrupt don't stick the public purse (or their employees!) with a huge unfunded pension liability. It's not fair for employees near retirement age to lose benefits they've been counting on (when it's too late to replace them by savings) but it isn't fair for the rest of us to foot the bill either.
Some sort of system has to be worked out that protects both groups in the event of a Nortel type situation.