October 28, 2021 — Enterprising Investor

Market Resiliency, Capital Formation, and Investing for Our Future

The sustainability of traditional public sector defined benefit (DB) plans has become front-page news and the subject of acrimonious debates usually framed in stark terms of DB versus DC (defined contribution). This either/or framing is unhelpful, Keith Ambachtsheer, Senior Fellow at NIA, writes.

It simply perpetuates the strongly held views of the defenders and critics of these two opposing pension models. Moving the pension reform yardsticks in the right direction requires that we stop this dysfunctional either/or framing and embrace a more constructive conversation about what we want our pension arrangements to achieve and what that tells us about how to design them.