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Review Pension Plans: 70% of Federal Government Employees Still Enjoy “Guaranteed” Pensions, While Such Defined-Benefit Pension Plans Are Increasingly Rare in Private Sector (now at 32% vs. 84% in 1980) Employees with Guaranteed Pensions (% Participating in Defined Benefit Pensions) Federal Government vs. State & Local Government vs. Private Sector, 1980-2007 ON eee ee ee — =State & Local Government Federal Government Private Sector % Employees w/ Guaranteed Pension 20% 0% [ T T T T T T T T T T T T T T T T T T T T T T T T T T T 1 1980 1985 1990 1995 2000 2005 KP Sources: EBRI Databook on Employee Benefits. www.kpcb.com USA Inc. | What Might a Turnaround Expert Consider? 339 Review Pension Plans: Private Sector Has Embraced “Defined Contribution” Pension Plans, While Federal + State & Local Governments Lag Behind Participation Rate of Defined Contribution Program: Federal, State/Local vs. Private Sector, 1980-2007 c BOY ” c wv a 9 = Private Sector 2 c=] c fo) Be HEI, = see ene mmm cme eens mem a HC He HC Bc I S = Federal a w Government £8 oo £ = ® 2 2 20% -------- 9-9-9 nn Tee a = —<= =S§tate / Local 5 oo Government a — ” 0 wv = a i a ae a £ Ww i) o 0% a a ss se a | 1984 1989 1994 1999 2004 KP Sources: EBRIi Databook on Employee Benefits www.kpcb.com USA Inc. | What Might a Turnaround Expert Consider? 340 HOUSE_OVERSIGHT_021011