Critics of defined contribution retirement plans in the public sector often argue that without a guaranteed-benefit pension design, employees will have less motivation to remain in their jobs long-term. These arguments have recently surfaced in efforts to undo defined contribution plans in Alaska, Oklahoma, and Louisiana. New research that examines Alaska’s transition from a defined benefit plan to a defined contribution plan shows that, despite the sentiment of critics, switching to a defined contribution plan does not result in higher turnover rates among teachers.
Naturally, post-employment benefits would be a part of an individual’s consideration in accepting and staying in a
