|
In response to
"His "You earned your pension, I won't cut it" just means he'll find some other way to cut benefits. -- nm"
by
Focused, Non-Terminal Repeating Phantasm
|
He wants to shift to a defined contribution plan instead of a defined benefit plan for anything going forward. So he'll preserve current benefits,
Posted by
pmb (aka pmb)
Oct 22 '14, 13:22
|
under existing plans, but those will then go away and anything going forward will be more like a 401(k). It's actually not the worst of his ideas.
|