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Download full textJohnson, Richard W.; Butrica, Barbara A.; Haaga, Owen; Southgate, Benjamin G. – Urban Institute, 2014
Hybrid retirement plans that combine defined benefit pensions with 401(k) type, defined contribution accounts can play important roles in the reform of public-sector pensions. Summarizing results from our longer report ["How Will Rhode Island's New Hybrid Pension Plan Affect Teachers? A Report of the Public Pension Project" (2014)], this…
Descriptors: Retirement Benefits, Public School Teachers, Teacher Retirement
Johnson, Richard W.; Butrica, Barbara A.; Haaga, Owen; Southgate, Benjamin G. – Urban Institute, 2014
In 2011 Rhode Island replaced the stand-alone defined benefit pension plan it provided to state employees with a hybrid plan that reduced the defined benefit component and added a 401(k)-type, defined contribution component. Although controversial, the new hybrid plan will boost retirement incomes for most of the states public school teachers. Our…
Descriptors: Retirement Benefits, Teacher Retirement, Role, Employees
