Headline: Study Quantifies How Much DB Plans Benefit the Economy
Publication: Plan Sponsor
Article Date: Jan 10, 2019
“According to a report from the National Institute of Retirement Security, Retirees with DB pensions know they are receiving a steady check despite economic conditions. In contrast, retirees may be reluctant to spend out of their 401(k)-type accounts if their savings are negatively impacted by market downturns. It also reports that each dollar paid out in pension benefits supported $2.13 in total economic output nationally.” Read article…