Smart to retire 401(k) plans for pensions

Commentary | October 10, 2012 | By John Burbank | Everett Herald

Eight years ago, while thousands of corporations were shutting down their retirement plans, the United Methodist Church decided to go back to the future. The Methodist Book of Discipline guides the church in employment practices, and states that the church is "to discharge our fiduciary duty solely in the interests of the participants and beneficiaries, using care, skill, prudence and discipline." With this in mind, the Methodist established a defined benefit pension.

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Posted in Column, Retirement Security