Why have some states introduced defined contribution plans?

Munnell, Alicia Haydock, Alex Golub-Sass, Kelly Haverstick, Mauricio Soto, and Gregory Wiles. “Why have some states introduced defined contribution plans?”. State and Local Pension Plans 3, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, February 2008. http://hdl.handle.net/2345/bc-ir:104327.
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Abstract

Although defined benefit plans dominate the state and local sector, in the last decade twelve states have introduced some form of defined contribution plan.  The degree of compulsion varies among these states from mandatory participation in a defined contribution plan for new employees, to mandatory participation in both a defined benefit and defined contribution plan, to having the defined contribution plan only as an option...

Title
Why have some states introduced defined contribution plans?
Author
Munnell, Alicia Haydock
Golub-Sass, Alex
Haverstick, Kelly
Soto, Mauricio
Wiles, Gregory
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
February 2008
Publisher
Center for Retirement Research at Boston College
Series Title
State and Local Pension Plans
Series Number
3
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:104327
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
State and Local Pensions

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