Hybrids Aren’t Just for Cars

Tomorrow, business leaders, unions and AARP are having a roundtable discussion about hybrid pensions plans. What is a hybrid pension plan? I wondered too, which is why I poked around for you. A good background from the BBC here but the short version is that it is an interesting cross breed between a defined benefit pension and a 401k. Sounds like an interesting idea for those who may not have a chance to save for retirement at work – the risks are shared and there is an element of personal responsibility and planning.
Hear more about it tomorrow at 9 am by clicking here. It looks like there are some interesting people attending, including folks from Honeywell and Eaton, two companies who are actually doing this. Enjoy!