livin'thesim
Well-known member
- Joined
- Apr 6, 2005
- Posts
- 926
Are you kidding? In what universe is a mostly self funded retirement plan, that is mostly funded out of depressed wages, better than an employer funded plan.
If it was so great than all of our young executives would be dropping thier retirement benefits and asking the BOD's if they can please fund thier own retirement.
Well, one way DC is better is that it is much harder to lose it to BK or fraud.
Which is better is a matter of preference, company, and career track.
The reason the execs want DB is that they have the clout to ensure they actually get paid most of the time. The workers - not so much.