Defined Contribution System News Today

The article delves into the evolution of the pension system and the recent decision of various state governments to move to the Old Pension System.

A major report by the Congressional Budget Office (CBO) confirms that Medicare premium support (a defined-contribution system of health-plan financing) would make the financially troubled federal program more fiscally sustainable.[1] The CBO finds that, in a new competitive system of health plans, private plans can offer the same benefit and services as traditional Medicare fee-for-service (FFS) plans—at a lower cost to taxpayers.