Updated Research Shows Advantages of Maintaining DB Plans

The National Conference on Public Employee Retirement Systems (NCPERS) released an updated research brief that shows the advantages of maintaining defined benefit plans (also known as pensions). A blog post from the National Public Pension Coalition (NPPC) highlights three advantages from the update brief, including 

1. Switching newly hired public employees into a DC plan does not result in cost savings for state and local governments and offers less retirement security for public employees. 

2.  DB pensions are a critical tool for the recruitment and retention of qualified public employees. 

3. DB pensions serve as valuable economic multipliers for state and local communities and also create tax revenue for these areas. 

The research brief from NCPERS highlights 10 advantages overall for maintaining DB plans. Click here to read the full brief.

Click here to read the blog post from the NPPC.