No. of Recommendations: 0
I think you make a good point about leveling the playing field, but it will not balance the fact that older workers have higher medical costs. And in any case, I get the impression that not only are older workers getting shorted by the stampede over to cash balance plans, but younger workers in the long run will be older workers and everyone gets shorted. After all, one of the advantages to the employer is that costs are lower, i.e., the company puts less in. That can only result in one thing: the employee gets less out.

Joe Varga
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