As states and localities across the nation consider the tradeoffs between defined benefit (DB) and defined contribution (DC) pension systems, it is important to gain insight into what implications pension reforms might have on workforce composition and teachers' retirement savings behavior. Moreover, it is also important to consider that…

This paper examines the savings behavior of public school teachers who are enrolled in a hybrid pension plan that includes a defined contribution (DC) component. Few states have incorporated DC features into teacher pension systems and little is known about how providing teachers with greater control over deferred compensation might affect their…

In most U.S. states retirement benefits constitute an important component of compensation for public school teachers, and the structure of teacher retirement systems has been the subject of a prominent public policy debate. The prevalence of underfunded state pension systems has resulted in discussion about the prudence of moving from traditional…