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Switching public employees from their current defined benefit pension plan to a 401K type plan is seen by many as a solution to the state’s pension funding crisis.

But according to Ralph Matire (Mart-eerie), director of the BiPartison Center for Tax and Budget Accountability, switching to 401K plan would actually make the problem worse.

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According to Martire, several states have tried replacing pension plans with 401K plan and the results have not been good.

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Ralph Matire from the Center for Tax and Budget Accountability.

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