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Politics : View from the Center and Left
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To: TimF who wrote (575)6/10/2005 10:59:29 AM
From: richardred  Read Replies (1) of 541452
 
>To an extent that is happening anyway.
Yes it is

>Would you urge companies to move faster in this direction or would it be some form of requirement?

-No -IMO it should be the competitiveness of the plan that should attract good employees when their looking for a job. Smaller companies need to do it on their own merit, not be forced. They will loose good employees to companies who offer better benefits if they just stand still.

>What about companies that don't have pension plans (or who get rid of them) and only make a small (or 0) contribution to employees 401K plans?

I'd say they would be at risk in loosing employees. Remember a 401K plan for employees can also be used like a free agent in football. If company matched, once vested, you can take your plan with you (rollover into another qualified plan). If unmatched you can take your contributions with you whenever. Also, Those employees also have the option of setting up a IRA for themselves and deducting it within IRS guidelines.

>Change the rules on pension funding while also increasing the premiums for federal insurance of pensions. Eventually you probably phase out the insurance.

I'm not familiar with federal pension plans, but as far as private sector plans.

I think the future trend might be for employer self insured plans. The company does bear the risk, but employees do care about cost and service.

I know Xerox went to self insured.
Our company is self insured for dental.
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