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The defined contributions system allows the government to rectify its mistake of "funding its own liability," he said.
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The GAO warning comes a month after a labor arbitration panel rejected the agency's proposal to reduce its pension burden by shifting from a defined-benefit to defined-contributions system for future hires.
But that's what Skype has done, thanks to a contribution system.
Best Buy, the U.S. retail chain, uses the opposite approach in a contribution system dubbed BlueShirt Nation.
I'm not advocating that you blow up your current business and completely reinvent it around a contribution system.
Commissioner Robert M. McDowell said that the F.C.C. should first tackle the reform of the fund's contribution system.
We don't deny that a private contribution system may pose the risk of excessive influence by large contributors, especially when these contributions go directly to candidates.
A more German-style contribution system is now being discussed, where Poles can opt in to allot a proportion of their taxes to their church.
Those are much less palatable options than a new progressive graduate contribution system that has the capacity to deliver a well-funded, responsive and sustainable university sector.
Note that the Threadless user contribution system is subtly different from customer innovation approaches like "crowd-sourcing," which are used with success by Dell, Starbucks, and other companies.
But the companies I've just mentioned both the internet highfliers and the old-economy behemoths—have actively created something I call a user contribution system.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com