New survey shows great support for a ‘defined benefit’ retirement plan, not for a ‘defined contribution’ plan

2022-09-27T10:54:00-07:00September 27th, 2022|Categories: Defined Benefit Plans|Tags: |

By Dave Thompson Source: Prairie Public Newsroom The union representing public employees in North Dakota says a new survey from the state’s Human Resources Management Services shows strong support for a defined benefit retirement plan. That’s the plan state employees have now. An interim Legislative Committee is looking at closing that plan to new state employees, and going to a “defined contribution” plan for new hires in 2024. The survey shows 42 percent of respondents strongly agree with the [...]