The first is to make a company contribution equal to at least 3% of each employee's compensation, regardless of whether the employee contributes.

FORBES: Taxing Matters: Saving to the max

Despite receiving an annual matching contribution equal to 7.5% of their pay, many teachers are claiming that they were improperly steered into low-yielding annuities, even though the plan offered more appropriate investment choices.

FORBES: Why Defined-Benefit Plans Are Safer Investments for State Governments and Workers

He would turn Medicare into a defined contribution plan that would pay retirees who turn 65 in 2021 or later a defined contribution equal to the average federal cost of a Medicare retiree in 2012 (less the Medicare premiums), which would then be allowed to grow at 1 percent a year.

FORBES: Improving Ryan's Medicare Reform Plan