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<p>[QUOTE="Anonymous, post: 4838958"]I still disagree and, I believe others would as well. The GSK Cash Balance plan is different from a traditional defined benefit plan. Over time, the beneficiary receives a significantly lower pay-out. Have you not the numerous articles on this subject in reputable publications such as The Wall Street journal? Unions have come out against defined contribution plans as well. I agree with your statement with regard to portability. That is a major advantage. However, the fact remains, that upon retirement, a defined benefit plan pays out more in lifetime benefits than does a defined contribution plan.</p><p><br /></p><p>As far as your assertion that I am moron with regard to my statements about the retiree medical benefits; watch your mail. Employees have just been informed of the coming changes. Those over 65 will now be given an annual subsidy to purchase a supplemental plan through the open ACA exchanges. That is a fact.[/QUOTE]</p><p><br /></p>
[QUOTE="Anonymous, post: 4838958"]I still disagree and, I believe others would as well. The GSK Cash Balance plan is different from a traditional defined benefit plan. Over time, the beneficiary receives a significantly lower pay-out. Have you not the numerous articles on this subject in reputable publications such as The Wall Street journal? Unions have come out against defined contribution plans as well. I agree with your statement with regard to portability. That is a major advantage. However, the fact remains, that upon retirement, a defined benefit plan pays out more in lifetime benefits than does a defined contribution plan. As far as your assertion that I am moron with regard to my statements about the retiree medical benefits; watch your mail. Employees have just been informed of the coming changes. Those over 65 will now be given an annual subsidy to purchase a supplemental plan through the open ACA exchanges. That is a fact.[/QUOTE]
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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma/Biotech Companies
>
GlaxoSmithKline
>
Benefits
>
Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma/Biotech Companies
>
GlaxoSmithKline
>
Benefits
>