William B. “Flick” Fornia discusses the current state of public pension plans across the United States and assesses how the pension crisis developed...
William B. “Flick” Fornia discusses the current state of public pension plans across the United States and assesses how the pension crisis developed. He argues that defined-benefit plans continue to be a viable alternative to individual defined-contribution plans provided that pension plans implement certain changes to maintain solvency over the long term.