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

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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?

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