Word on the street is that Pat Strachota (R-West Bend) intro'd legislation to allow UW System to offer a defined-benefit pension plan.
Oh, really, Pat?
She offers some flapdoodle about 48 other States, and how since U-teachers move around a lot, they really need a defined-pension plan, yada yada yada.
Foofoodust.
A 403(b), which is the public-sector version of a 401(k), is portable--unlike defined-benefit plans, and can be converted at retirement into a defined-benefit pension. That's called an SPDA.
C'mon, Pat. Get a grip on reality.
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2 comments:
She must be a-feared of them Recallers.
good information ... I have read and will be added to my personal knowledge... thanks
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