Why Have Some States Introduced Defined Contribution Plans?

January 22, 2008
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Introduction

Although defined benefit plans dominate the state and local sector, in the last decade twelve states have introduced some form of defined contribution plan.  The degree of compulsion varies among these states from mandatory participation in a defined contribution plan for new employees, to mandatory participation in both a defined benefit and defined contribution plan, to having the defined contribution plan only as an option…

Saving and pension planning
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Headshot of Alex Golub-Sass
Headshot of Alicia H. Munnell
Headshot of Gregory Wiles
Headshot of Kelly Haverstick
Headshot of Mauricio Soto
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Golub-Sass, , Alicia H. Munnell, Gregory Wiles, Kelly Haverstick, and Mauricio Soto. 2008. "Why Have Some States Introduced Defined Contribution Plans?" Issue in Brief 3. Chestnut Hill, MA: Center for Retirement Research at Boston College.

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Issue Brief
Publication Number
SLP#3
Sponsor
MissionSquare Research Institute
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