DFA Bulletin Re: Pension Plan Issues
Here is a link to an interesting piece that explains why some people feel that public pension plans based on defined contributions usually end up being more expensive for taxpayers than defined benefit plans as well as harder on retirees:
Commentary of the Day – March 3, 2005: The Myths and Realities of Public Employee Pension Plans. Irreverent Commentary on the State of Education in America Today. By Dr. Mark H. Shapiro.
The URL for the full article is: http://irascibleprofessor.com/comments-03-03-05.htm
Please note also that there is another link within the article in paragraph 7, under the words “For example.”
The Board of the Davis Faculty Association believes that this issue is of sufficient importance that we are sending this information to all UC Davis faculty and posting the link on our web site.
The Davis Faculty Association is an independent organization of UC Davis faculty concerned about salaries, working conditions, and the general health of the Campus. You can learn more about the DFA, including how to join, at the website www.ucdfa.org.
DFA Email Bulletins are meant to alert all UC Davis faculty to issues of general interest. This bulletin does not necessarily reflect the opinion of the Board or the DFA membership. Your opinions and comments are invited by replying to this message. You can opt not to receive DFA Email Bulletins by replying and asking that your name be removed from the email list.
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