06/13/2025
https://apnews.com...
"It is impossible to come up with a precise figure, and we have tried. Right now we have been estimating somewhere in the neighborhood of 5 percent of all plans have a danger of insolvency."
"My personal feeling is that the recent move we have seen to combined contribution plans in the past decades is setting us up for a real problem of an entire generation of completely broke 75-year-olds..."
"I think it is pretty clear to us at this point that defined benefit plans are posing a problem for employers."
"We actually had people come and talk to us from other countries to ask the questions of, how do your plans work?"