Decisions, Decisions: Retirement Plan Choices for Public Employees and Employers

Date Published:

Thursday, September 29, 2011

Source/Author:

National Institute on Retirement Security (September 2011)

A new study of the retirement plan choice in the public sector finds that defined benefit (DB) pensions are strongly preferred over 401(k)-type defined contribution (DC) individual accounts.

Tags: Defined Benefit vs. Defined Contribution Plans, Public Pension Plans, 401(k) plans, Poll, Public pension plans, Traditional (defined benefit) pensions

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Did You Know?

A lump sum distribution is a method of paying benefits from a pension plan in which a participant's entire beenfit is paid out in a one-time payment. Lump sum distributions are sometimes called cash outs.