Title
Redefining Traditional Plans: Variations and Developments in Public Employee Retirement Plan Design
Document Type
Working Paper
Date of this Version
9-1-2008
Abstract
Retiree benefits for U.S. employees of state and local governments have traditionally been paid via defined benefit (DB) plans, but this arrangement has been neither monolithic nor static. This article provides examples of variants on the traditional DB model and presents recent developments in retirement benefits for public employees, focusing on the incorporation of DC plan elements into or alongside DB plan structures.
Working Paper Number
WP2008-14
Copyright/Permission Statement
© 2008 Pension Research Council of the Wharton School of the University of Pennsylvania. All rights reserved.
Acknowledgements
Opinions and errors are solely those of the author and not of the institutions with whom the author is affiliated. This research was presented at the 2008 Pension Research Council Symposium.
Date Posted: 09 August 2019
Comments
The published version of this Working Paper may be found in the 2009 publication: The Future of Public Employee Retirement Systems.