In this video, Shaun Humphries B. Admin, CFP reviews both Defined Benefit (DB) and Defined Contribution (DC) pension plans. How they work and the pros and cons of each type of plan.
More news on pensions below.
Unions and seniors groups have reacted angrily to a call from an influential
policy adviser to the Abbott government to lift the pension age to 70.
-- The Illinois Legislature approved a historic plan Tuesday to eliminate the
state's $100 billion pension shortfall, a vote that proponents described as
critical to repairing the state's deeply troubled finances but that faces the
immediate threat of a legal challenge from labor unions.
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