I chose my employer's DC plan over the DB plan 9.5 years ago because I wasn't sure how long I'd stay in the job. Now that I'm almost at the 10 year vesting threshold I wish I'd chosen the DB plan.
If you stay at one job for decades, DB usually wins. If you change jobs several times over a career, DC usually wins.
I'd pick the DB plan, but only if it was COLA'd and from the Federal Government.
Oh yes. I never worked for the Feds but sometimes I envy friends/family who ER from there.I'd pick the DB plan, but only if it was COLA'd and from the Federal Government.
Sad, IMO, but true. I'm so thankful for my itty bitty non-COLA’d but "reliable" pension.DB isn't even an option for most private sector employees, and public sector DB plans are under increasing scrutiny, both seemingly unlikely to change. So the poll is just for fun I gather...
Let us know when you've got that organized, and how it works out...^ not if enough people start demanding it
I think we are about to be in a situation where private sector employers will be competing for talent (and, the only way to fund retirement benefits quickly to attract such talent is through a DB plan)
^ not if enough people start demanding it
I think we are about to be in a situation where private sector employers will be competing for talent (and, the only way to fund retirement benefits quickly to attract such talent is through a DB plan)
If you're talking to me (use quote function), it didn't do anything for me.^ hey, it's difficult being a visionary sometimes...(did you read the fox article?)
Huh? And I did much better than 2.74% in 2011 including my lump sum...In 2011, the last year studied, defined-benefit plans had median returns of 2.74%, while 401(k)s and other defined-contribution plans lost 0.22%. It was the widest margin since the mid-1990s, the company said.
If you leave a large company, you might want to leave your money in the 401(k) plan instead of rolling it into an individual retirement account, suggests Dave Suchsland, a senior consulting actuary with Towers Watson.