Pension Reform Could Save Billions
The Buckeye Institute released an analysis of Ohio's state pension using the transition trend data from Michigan after it switched from defined benefit plans to defined contribution plans for new state workers in 1997. The analysis shows that Ohio could see budget savings up to $6 billion over the next 30 years by shifting new employees to defined contribution plans, while still providing workers with decent pensions.
To view the report click here.
Monday, April 11, 2011