Public employersmust provide disclosure of their pension plan obligations on theirannual financial statements to the public, but the consequences ofthese disclosures are not yet fully realized. (Photo:Shutterstock)
The public sector is far-reaching, spanning many professionsacross government agencies, including schools, hospitals, researchorganizations and more. With such an extensive network ofemployees, the public sector retirement plan space touches farmore individuals than one might first assume.
Historically, public employers have offered retirement plansthrough the defined benefit (DB) plan structure, whichoffered better than average benefits.
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