As workers worry increasingly about having enough money to seethem through retirement in reasonable comfort without running out,as well as wanting to be able to move their retirement plans fromjob to job, a report from the National Institute on Retirement Security toutspublic defined benefit pension plans as meeting both thoseneeds.
The study was based on a survey of 89 public pension plans todetermine plan types, employee contribution rates, vestingrequirements, interest rates paid on withdrawn employeecontributions, refunds of member accounts, redeposits of employeecontributions and ability to purchase service credits.
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