Quote of the Day 2/26/2014

Studies in 13 states that have considered a switch to defined contribution plans have reached an actuarial consensus that closing a defined benefit plan lowers investment returns and thus increases unfunded liabilities.

-Researchers Ross Eisenbrey and Steve Herzenberg, in a report finding that lawmakers’ plan to move state pensions to a 401(k) style system could create  billions of dollars of additional costs for taxpayers (Source: http://bit.ly/1dyYGsg)


Gene Perry worked for OK Policy from 2011 to 2019. He is a native Oklahoman and a citizen of the Cherokee Nation. He graduated from the University of Oklahoma with a B.A. in history and an M.A. in journalism.

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