John D. Giorgis wrote: The Fool wrote: >>They have established ceilings on how much they will ever spend >>per retiree for health care. >Yet another reason why defined-benefit retirement plans are evil, >and why the US economy should complete the wholesale switch to >defined-contribution retirement plans.
O_o??? Post-retirement health care is not a defined benefit retirement plan, John. It's not subject to IRC 411(d) anti-cutback rules. The DB plan ought to be encouraged, not abandoned. A retiree who leaves at the wrong time can lose a lot of money with a DC plan, whereas a DB plan is a guaranteed benefit. They're an important part of this country's retirees' welfare. Jim _______________________________________________ Join Excite! - http://www.excite.com The most personalized portal on the Web! _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
