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General Discussion

wasupaloopa

(4,516 posts)

2. Most defined benefit plans have huge unfunded

Reply to turbinetree (Original post)

Thu Sep 14, 2017, 11:24 PM

Sep 2017

liabilities. In 2013 a two tiered system was put in place in CA. Those hired after 2013 have a different formula which results in less in benefits.

It takes years for all the legacy employees to die off when things can level off but until then employers will have to find a way to pay the unfunded liability. That results in layoffs with other cuts in expenses.

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Highlight:

Welfare For Wall Street: Fees On Retirement Accounts [View all] turbinetree Sep 2017 OP

My 401k is far from "worthless" nm MichMan Sep 2017 #1

Most defined benefit plans have huge unfunded wasupaloopa Sep 2017 #2

The sad reality is that many defined pensions PoindexterOglethorpe Sep 2017 #3

My companyretirement plan was way overfunded, so they restructured the plan SharonAnn Sep 2017 #5

Good grief! PoindexterOglethorpe Sep 2017 #6

My 401K is definitely not worthless. leftofcool Sep 2017 #4

Defined benefit plans are better for the employees (in general) Yupster Sep 2017 #7

Defined benefit plans were great at one time MichMan Sep 2017 #8