Defined benefit plans are helping pump billions of dollars more into the economy than the monthly pension checks collected by retirees.
So says a new study from the National Institute on Retirement Security, which calculated that DB plans supported about $943 billion in total economic output in 2012, the most recent year for which data was available.
The study also asserted that spending by pensioners supported 6.2 million jobs in the U.S., to the tune of some $306.9 billion.
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