Exact(5)
Assuming the credit-worthiness of the insurer and the option to index benefits, this may be a good alternative.
By around 2035, the gap will reach 1.5% of GDP (though your proposal to index benefits to a different inflation measure would trim that).
But before we mourn the demise of the defined-benefit plan, as Time does, it's important to remember this kind of pension also exposes participants to risk.Many defined-benefit plan sponsors in America do not index benefits for inflation.
Mr Obama, who had previously said Social Security (pensions) were not on the table, has agreed to index benefits to a less generous measure of inflation.Big gaps remained as The Economist went to press: the Republicans want bigger cuts to entitlements, in particular Medicare benefits (health care for the elderly).
The IFS noted that the impact on the poorest families of welfare reforms - notably the decision to index benefits to the lower Consumer Prices Index (CPI) measure of inflation - would become worse with each passing year.
Similar(55)
The database is updated on a yearly basis regarding individual information on educational level, income, socioeconomic index, welfare benefits and employment status.
The blue-chip index benefited, as well, from gains in old-line companies like Boeing and Minnesota Mining and Manufacturing.
John F. Maher, former chief executive of Great Western Bank, a large savings and loan that was later acquired, said that the old cost-of-funds index benefited borrowers.
"My happy index benefitted enormously.
Our investigation revealed that patients with higher apoptotic index benefit of a longer median survival time if compared with those with lower apoptotic index.
Systems of indexing benefits and pensions to prices or earnings were revised downward, or adjustments were made less frequently.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com