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View Full Version : Private industry- NEW retirement vehicle



James48843
08-25-2009, 10:24 PM
I wouldn't believe it if I hadn't read it with my own eyes, but...

there is a company out there marking a "NEW" type of retirement plan...starting in 2010. It will be called the DB(k).

It's a retirement plan that gives employees a small, regular pension, to the tune of 1% for each year the employee works...combined with a savings plan that includes a 401(k) investment plan, so they can build their own retirement nest egg.

Where have I heard of something like this before????

They are billing this as "The Pension of the future..."

http://finance.yahoo.com/focus-retirement/article/107580/the-dbk-pension-of-the-future.html?mod=fidelity-readytoretire

Things that make you go Hmmmmm......(Or FERSHmmmmm...)