In 2005, Congress debated giving U.S. workers private savings accounts to invest their Social Security contributions in the stock and bond markets. Sixteen years later, we review how that would have worked out for workers. Topics covered include: How the public and private sectors are both critical for a functioning social security systems Which countries pay the highest social security benefits How have other privatized social security plans worked out around the world How … [Read more...]
269: How the Public Sector Pension Crisis Will Impact You
Why most state and municipal pension plans are underfunded and why that could lead to higher taxes and reduced government services. Why participants in state government retirement systems have greater protection against benefit cuts than participants in municipal retirement systems. In this episode you’ll learn: How defined benefit plans work.Why there is more subjectivity regarding valuing a pension plan's liabilities compared with its assets.What does it mean for a … [Read more...]
Are Pension Plans A Dying Retirement Model?
Many companies are shuttering their pensions and replacing them with defined contribution plans. Here's why. Topics covered in this audio lesson include: What is the difference between defined benefit and defined contribution plans. Why companies have moved away from offering defined benefit plans such as pensions. How pension plans are managed. Why most pension plans are underfunded. The lesson length is 6 minutes. … [Read more...]