Traditional defined benefit (DB) pension plans remain the overwhelming norm for teachers, policemen and other employees of state and local governments. The incentives for workers with DB pension plans to stay in their jobs shift dramatically over the course of their careers.
April 12, 2011
Research | Journal of Pension Economics and Finance
While the retirement security landscape has changed drastically for most workers over the last twenty years, traditional defined benefit (DB) pension plans remain the overwhelming norm for K–12 teachers.
In answers to unique questions from the National Survey of Families and Households, spouses reveal information about the value of their options outside of marriage as well as their beliefs about the value of their spouses’ outside options.