How Will Teachers Fare in Rhode Island's New Hybrid Pension Plan? Public Pension Project Brief 4

Autor/inn/en	Johnson, Richard W.; Butrica, Barbara A.; Haaga, Owen; Southgate, Benjamin G.
Institution	Urban Institute
Titel	How Will Teachers Fare in Rhode Island's New Hybrid Pension Plan? Public Pension Project Brief 4
Quelle	(2014), (2 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Retirement Benefits; Public School Teachers; Teacher Retirement; Rhode Island + Suchen Sie Ihr Suchwort? Retirement pay; Ruhegehalt
Abstract	Hybrid retirement plans that combine defined benefit pensions with 401(k) type, defined contribution accounts can play important roles in the reform of public-sector pensions. Summarizing results from our longer report ["How Will Rhode Island's New Hybrid Pension Plan Affect Teachers? A Report of the Public Pension Project" (2014)], this brief shows that most public school teachers in Rhode Island will earn more retirement income from the states new hybrid plan than they would have earned in the former stand-alone defined benefit plan. However, teachers with at least 25 years of completed service, who account for only one-quarter of the total employed by the state, will fare worse in the hybrid plan. [For "How Will Rhode Island's New Hybrid Pension Plan Affect Teachers? A Report of the Public Pension Project" (2014), see ED559330.] (As Provided).
Anmerkungen	Urban Institute. 2100 M Street NW, Washington, DC 20037. Tel: 202-261-5687; Fax: 202-467-5775; Web site: http://www.urban.org
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01