PSYC 5571 Lecture Notes - Lecture 1: Disposable And Discretionary Income
Document Summary
About half of current employees have pension plans: this has been the same for a while. Among the 50% that have plans, 7% have only db plans, 24% have db & dc, and 69% have dc. Dc plans are particularly good if you switch jobs often, db plans are actually very bad if you switch jobs: db pension plans are generally not indexed. Out of the 50 states there is only one that can run a deficit vermont: none of the other states can do this, only vermont for some reason and the. Us federal government: social security by 2040 will be 6. 2% of gdp, major health care spending is 8, other non-interest spending is 7. Share of large firms offering retiree health benefits to active workers has declined from 66% down to 28: big firms are much more likely to do it than small firms (200+ employees)
