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public pension plans to determine plan types, employee contribution rates, vesting requirements, interest rates paid on withdrawn employee contributions, refunds of member accounts, redeposits of employee contributions and ability to purchase service credits.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