The Personal Retirement Optimization Plan (or PRO Plan) is a new framework for public worker retirement benefits that delivers post-employment security in a cost-effective way that is attractive for both employees and employers and provides a viable alternative to traditional public pension plan designs, which have proven vulnerable in many cases to underfunding and politicized decision making.
Built on a defined contribution foundation, the Personal Retirement Optimization Plan described fully in this new study improves on traditional designs with clear and measurable objectives on maximizing benefits for a wide range of individual situations, flexibility in both investment and benefit distribution
