Personal Finance Advice and Commentary

Sunday, October 02, 2011 9:00 am
By Jennie L. Phipps · Bankrate.com

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. The study by actuarial firm