The trend from defined-benefit to defined-contribution plans has not come because employees have wanted to take on that risk. It's because employers have wanted to get rid of that risk. -Jack Vanderhei

 

The trend from defined-benefit to defined-contribution plans has not come because employees have wanted to take on that risk. It's because employers have wanted to get rid of that risk.


Comments

There are not yet any comments on this quote. Why not register / login and be the first?




This quote is just one of 9 total Jack Vanderhei quotes in our collection. Jack Vanderhei is known for saying 'The trend from defined-benefit to defined-contribution plans has not come because employees have wanted to take on that risk. It's because employers have wanted to get rid of that risk.' as well as some of the following quotes.

Since there is no requirement that they offer [a pension] in the first place, there's no requirement that they keep doing it.

Jack Vanderhei

It's kind of like watching a glacier move.

Jack Vanderhei

I'm sure anyone who's read the paper lately would know that the likelihood [of receiving a traditional pension] is going down very rapidly.

Jack Vanderhei

The major problem you're going to have is that you're not going to have anything current enough to do anything about. You really are in a no-win situation.

Jack Vanderhei

People typically take a cue from their parents' generation ? which had pension plans and retiree health programs. And they know they're making more money than their parents did.

Jack Vanderhei