Tag: public sector DC
The brief’s key findings are: In 2018, 19 percent of large localities had a defined contribution (DC), cash balance, or hybrid plan for new hires, instead of a stand-alone defined benefit (DB). The volume and geography of alternative plans at the local level is similar to that of states, but localities are more likely to…
The brief’s key findings are: In recent years, several states have shifted from defined benefit (DB) to defined contribution (DC) pension plans. Many of the new plans are “hybrids” with a slimmed down DB plan and a minimal DC plan, which shifts substantial risk to employees. A better hybrid design could offer a full DB…
