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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: tejek who wrote (55913)11/21/2008 9:19:11 PM
From: Bearcatbob   of 224690
 
The cost issue can be seen in defined benefit vs defined contribution pensions. Defined contributions make the cost per hour current. Defined benefit brings the history of the company to the current workers. Similarly in health care - most companies offer a subsidy and it is used as decided. Then when workers reach 65 - on to medicare.

The whole issue of defined benefit pensions will be a huge issue in coming years. I look for many plans to fail.

Bob
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