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After watching the video, Mayor Fung considers 401K-style pension plan for Cranston, address the following:

What advantages, according to Mayor Fung, are there for the employer and employee by transitioning from a pension plan to a 401K style plan? Are there unique problems for a public employer, then a private employer, in implementing either of these types of plans? Is either type of plan more appropriate for the public or private sector?

respond to the posts of at least two peers (in the file)