[quote=harvey][quote=SK in CV][…] When you’re a little bit off on all of the support for your arguments, then the credibility of the entire argument is reduced. Those little facts matter.[/quote]
They sure do!
[quote]Somewhere between 20 and 30% of Fortune 500 companies still offer DB plans to new employees. [/quote]
Only 17 Fortune 100 Companies Still Offer Defined Benefit Retirement Plans
That was 2 years ago, I’m sure it is less today.
Now tell me again, do the little facts matter? (or only when you make them up?)
Yes, there are still some lingering DB plans around. They are long-term plans, they will take time to phase out. But the point (you never actually make a point, except to nit-pick) is that they are going away because shareholders/investors no longer tolerate the risks associated with them.
No company is expanding their DB plans, and just about every company is eliminating them. Because that’s what shareholders want.
sdrealor’s point in his post above is spot on. Your credibility is completely shot.
No go ahead and proceed to say that I “redefined” words or that “words have meaning” or some other cop-out. Anybody (without a very bitter chip on their shoulder) who read my paragraph about how and why DB plans are going away knew exactly what I meant.
Keep on nit-pickin. Cite “facts” that are wrong. It’s all you got, dude![/quote]
This article says “As of May 31, 30% of Fortune 100 companies offered a defined benefit plan to new salaried employees, the New York-based consultant said.”
That’s a few days more than 1 year ago.
My credibility is shot? I’m not the one that said companies with defined benefit plans don’t have any investors. You just acknowledged that 17% of Fortune 100 companies still have them. Across thousands of public companies, that would amount to hundreds that still have defined benefit plans. And every one of them still have investors.
