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Date: February, 2018

  • In the NewsFebruary 15, 2018

    Case Study Warns of Effect of Move From Public DB to Public DC

    Since 2009, nearly every state modified its retirement systems to ensure long-term sustainability, most often by increasing employee contributions, reducing benefits or both, according to the National Institute on Retirement Security (NIRS). During these deliberations, some retirement systems faced pressure to move from defined benefit (DB) pension plans to defined contribution (DC) 401(k)-type individual accounts, […]