Government pensions shifting to hybrid retirement plans
Public sector retirement plans of the future are emerging today, bearing only slight resemblance to their predecessors.
Public sector retirement plans of the future are emerging today, bearing only slight resemblance to their predecessors. A growing number of states and local governments are considering “hybrid” retirement plans that combine elements of traditional pensions with defined contribution plans.
California is only one of the many states that have either moved to a so-called “hybrid” pension system or are considering plans that would begin to shift the burden for retirement savings from the employer onto employees sharing some benefit risk.
Read the entire story from American City & County, our sister publication.
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