TITLE

Choice a Detriment to Public Worker Retirement Savings

AUTHOR(S)
Moore, Rebecca
PUB. DATE
July 2015
SOURCE
Plan Sponsor News;2015, p56
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that research published by the National Bureau of Economic Research (NBER) has revealed that offering a choice between a defined contribution (DC) plan and a hybrid pension plan has affected the retirement savings of Utah's public employees. Topics discussed include the state's shift away from defined benefit (DB) plan as part of its pension reform, the expectation that the new pension options will be less generous, and the failure of many new hires to make an active choice.
ACCESSION #
108767698

 

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