Tag: defined benefit pension
Introduction While 401(k) plans now dominate the private sector, defined benefit plans remain the norm among state and local governments. Why have public sector employers not shifted from defined benefit plans to 401(k)s like their private sector counterparts? This brief examines the unique factors affecting the two sectors that may explain their very different patterns…
The Center for Retirement Research has released a brief entitled Why Are Healthy Employers Freezing Their Pensions? This brief reviews major pension freezes during the 2004-2007 period and explores the impact on employees at different stages in their careers. It then offers four possible explanations why employers have been shutting down their plans. Complementing this brief…
