Wharton Pension Research Council Working Papers

Defined Contribution Pension Plans in the Public Sector: A Benchmark Analysis

Roderick B. Crane, TIAA-CREF
Michael Heller, TIAA-CREF
Paul J. Yakoboski, TIAA-CREF

The published version of this Working Paper may be found in the 2009 publication: The Future if Public Employee Retirement Systems.


This chapter assesses best practice benchmarks for the design of defined contribution plans in the public sector, where such plans are the primary, or core, employment-based retirement benefit. These benchmarks rely on the notion that providing an adequate and secure retirement income for participants is the primary plan objective.


Date Posted: 07 August 2019