Friday, March 25, 2005

Vermont Teacher's Pension Plan excludes management firms which support SS Privatization

The Rutland Herald of Rutland, VT report that the Vermont Teachers Pension Board does not approve of Bush's efforts to revamp Social Security, and has set a new criteria for firms who contract to manage their investments.

This isn't too surprising, because most defined benefit retirement plans coordinate their payouts with Social Security, so a decrease in Social Security benefits will require them to increase their contracted benefit payout.


At 12:56 AM, Blogger julie anderson said...

Why should they decrease the social benefits??even they are also very important!


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