Teacher pension plans expose teachers to attrition risk--the possibility that a teacher won't stick around long enough to qualify for the larger benefits waiting for those who stay.
There a number of myths surrounding public pensions and defined contribution plans. In this report, Josh McGee uses empirical evidence to debunk common claims around the supposed structural efficiencies of traditional public pensions.
What are common claims about traditional defined benefit plans (DB) versus defined contribution plans (DC)? Critics often claim that DB plans achieve better investment returns at lower fees and are better for worker retirement security because DB plans offer annuities.
