Appears to minimize the risks for the employer and makes the lump sum distribution routine. AT&T and IBM were cited as companies participating in this plan, gradually gaining popularity nationwide. Surely, it is possible to argue the pros and cons of this methodology depending on whether you are the employee or the employer.
Don't quite understand what it is. Do they give you cash when you retire? If it is enough it would be OK for some as they would invest it wisely. Others would waste it and be without. It's too bad that so many people aren't smart enough to look out for themselves. I always bought all the stoct T would let me have and reinvested the dividends. It has worked well for me in retirement Studebaker paid retirement from current earnings. When they went BK 8,000 people lost their retirement.. A funded retirement is the best way to go.
Shouldn't you have just written about someone you knew 50 years ago, or a tedious paragraph or two on your interpretation of the flood, or threatened someone with dire predictions from your misguided interpretation of Revelations?