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New Law May Revive Workers’ Pension Plans

As reported by Joseph Lisanti for The Daily News, starting next year many workers may find their bosses offering a new way to save for retirement: A DB(k) plan, which combines features of a pension and a 401(k) account. This plan combines features of a defined benefit pension and a 401(k) account.  The plan comes in two parts: a defined benefit funded entirely by the employer and a contributory retirement account with investment options like a traditional 401(k).  The rollout of DB(k) plans will likely be slow as many employers are still awaiting guidelines from the IRS.  Click here to read full article.  Social Security Disability attorneys are looking into this new plan so they are prepared to answer questions you may have.