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Change to use DC contributions to buy into DB plan
Old 11-13-2013, 06:37 PM   #1
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Join Date: Feb 2006
Posts: 4,331
Change to use DC contributions to buy into DB plan

So my state board of retirement has just had a ruling from the IRS that will allow participants in the DC retirement plan to us that account balance to buy into the state's DB plan. I'm not sure of the terms right now ie how much will buy what defined benefit.
"The needs of the many outweigh the needs of the few, or the one." - Spock
Retired Mar 2014 at age 52
Target AA: 70% equity funds / 28% TIAA-Traditional/ 2% cash
Target WR: 0.0%,
Income from pension, rent, and eventually SS
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