Defined Benefit Plan Quotes

Careful economic research has shown public-sector workers receive a level of compensation, pension benefits, and retiree health coverage in excess of what comparable workers in the private sector enjoy. In some instances, the total premium can be 30 percent or higher.

There are hardly any private sector employees who get both a 401k and a pension. There's just no need that Congress should get both.

The U.K. is one of the few places in the world that has final salary pensions.

Most private-sector folks don't get a pension.

The IRS says it wants to make sure companies can give their employees a choice between a new cash balance plan and the traditional defined benefit plan. The real question here is whether companies should be required to give their workers that choice.

Most private sector workers can only dream of getting the generous lifetime pension and health benefits typical of government service.

We owe our public servants, from school teachers to state employees, a sustainable and well-funded retirement that they can count on.

The retirement system that is in place for members of Congress and other federal workers features what is known as the Federal Employment Retirement Plan.

We can't be paying pensions to the next generation of federal workers when hardly anyone in the private sector gets them.