What HRP's Need to do to guarantee the future of DB plans. <br> <p> </p>
<p align="center"><a name="DB_Plans_Can_Be_More_Viable"><b>How to Make DB Plans Be More Viable</b></a></p>
<p>In order to make sure that the Future of DB Plan continues, we need to do the following:</p>
<p>(1) Speak out and get those responsible for pension reform to consider making possible tax assisted contributions by employees to DB plans of the future.</p>
<p>(2) If Number (1) is accomplished, amend DB plans to provide for participant contributions to share in the higher costs of DB plans versus DC plans.</p>
<p>(3) Speak out and get those responsible for pension reform to rid ourselves of the uncertainty with regard to Cash Balance plans.</p>
<p>(4) Move unreduced early retirement eligibility to higher restrictions</p>
<p>(5) Make DB plans other than Cash Balance plans more portable</p>
<p>(6) Put constraints on future guaranteed indexation</p>
<p>(7) Consider more combo DB/DC approaches whereby the DB provisions are only open to long-term employees and mid-career or late-career hires.</p>
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