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ERIC Number: ED559340
Record Type: Non-Journal
Publication Date: 2014-May
Pages: 2
Abstractor: As Provided
Reference Count: 1
ISBN: N/A
ISSN: N/A
How Will Teachers Fare in Rhode Island's New Hybrid Pension Plan? Public Pension Project Brief 4
Johnson, Richard W.; Butrica, Barbara A.; Haaga, Owen; Southgate, Benjamin G.
Urban Institute
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.]
Urban Institute. 2100 M Street NW, Washington, DC 20037. Tel: 202-261-5687; Fax: 202-467-5775; Web site: http://www.urban.org
Publication Type: Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: Laura and John Arnold Foundation
Authoring Institution: Urban Institute
Identifiers - Location: Rhode Island