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DB not affordable anymore: Hamilton

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Art Campbell:

“Interest rates—which between the mid-1990s and today have declined from 4.5% to 1%—add 150% to the cost of fully funded plans, but add 0% to the cost of guaranteed fully indexed pensions.”
Really “0% to the cost of guaranteed fully indexed pensions.” ? An explanation would be appreciated.

Monday, May 09 at 7:42 pm | Reply

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