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
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
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www.ucdfa.org.
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