Review Pension Plans: 70% of Federal Government Employees Still Enjoy
“Guaranteed” Pensions, While Such Defined-Benefit Pension Plans Are Increasingly Rare in Private Sector (now at 32% vs. 84% in 1980)
Employees with Guaranteed Pensions (% Participating in Defined Benefit Pensions) Federal Government vs. State & Local Government vs. Private Sector, 1980-2007
OO eee ee ee,
— =State & Local Government
Federal Government
Private Sector
% Employees w/ Guaranteed Pension
20% 0% . T T T T T T T T T T T T T T T T T T T T T T T T T T T 1 1980 1985 1990 1995 2000 2005 KP Sources: EBRI Databook on Employee Benefits. www.kpcb.com USA Inc. | What Might a Turnaround Expert Consider? 339
Review Pension Plans: Private Sector Has Embraced “Defined Contribution”
Pension Plans, While Federal + State & Local Governments Lag Behind
Participation Rate of Defined Contribution Program: Federal, State/Local vs. Private Sector, 1980-2007
c BOY ” c wv a 3 = Private Sector 2 & c fo) Be MES, = 2 eer ene ame eens mens mi en eH YC HS CB Se I FS = Federal a w Government £8 oo £ = & 2 2 20% ------------ 9-2 ng Tee = = —< =State /Local 5 rn a Government a — ” 0) w = = a ce ‘a £& uw i} o 0% a a se a | ~ 1984 1989 1994 1999 2004 KP Sources: EBRI Databook on Employee Benefits www.kpcb.com USA Inc. | What Might a Turnaround Expert Consider? 340
HOUSE_OVERSIGHT_021011