Pension Choices and the Savings Patterns of Public School Teachers

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The Center for Education Data and Research has released a new report analyzing the Washington state’s teacher pension system. The system is of particular interest because, since 1996, it has given every participant a choice: enroll in a traditional defined-benefit plan, or enroll in a hybrid plan that combines features of both defined-benefit and defined-contribution plans.

Pension systems around the country are increasingly giving participants a similar choice, and many more systems are thinking of turning to hybrid plans in an effort to curb future underfunding problems.

So, does a choice-based system work? What outcomes does it produce?

Find out: Read the full report here.

 

Photo by cybrarian77 via Flickr CC License

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