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Democrats generally oppose the change, partly because their union allies are eager to keep traditional plans.
The size of these networks is typically much smaller than traditional plans.
And Medicare recipients can stay in traditional plans where they choose their own doctors.
Many Big Three retirees opt for expensive traditional plans that let them choose any doctor.
Their pension plan, like most traditional plans, paid their benefits as a stream of monthly checks, called an annuity.
Once those funds run out, employees must meet deductibles that are usually higher than in traditional plans.
Similar(11)
"Luaka Bop doesn't follow a traditional plan," he says.
New urbanism, while claiming to be traditional planning, typically proposes development projects on open "green" sites.
Some months he has paid more than the $67 a month he formerly spent on a traditional plan.
Originally, I.B.M. said it would allow about 30,000 employees who were near retirement to stay with the traditional plan.
As contributions move to individual investment accounts, less money goes into the traditional plan to help finance pensions promised to other workers.
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