Gatordoc50
Full time employment: Posting here.
Mulligan said:Maybe Im blinded from the fact that I have DB, but I dont think it is that sinister. I believe that things just move slower as far as change at the government level ( many reasons for that, as we all know). Reform is definitely occurring, and some plans are going hybrid or defined contribution already. I wouldnt be surprised that 10 years from now, there will be significant change mirroring more the private sector. The percentage of private DB plans is shrinking fast and soon a lot of those receiving pensions will start to die off from old age. My humble guess is the percieved, if not actual, imbalance between private and public will force change.
Perhaps I'm being too cynical. My underlying point is that there isn't any mathematical or scientific thinking involved with DB plans. Trying to provide certainty given uncertain variables is impossible.