This paper examines a natural experiment in which Washington State teachers were offered
the opportunity to choose between enrolling in a traditional defined benefit (DB) plan and a …

We study the effect of incorporating heterogeneity into default rules by examining the choice
between retirement plans at a firm that transitioned from a defined benefit (DB) to a defined …

Since 2002, public school teachers in Florida have been permitted to choose between a
defined benefit (DB) and a defined contribution (DC) retirement plan. We exploit this unique …

In recent years, numerous proposals have been forwarded to fully or partially replace the
defined benefits provided by the US Social Security system with personal retirement …

Defined benefit (DB) plans and defined contribution (DC) plans are the two main types of
retirement pensions sponsored by US employers. This paper explores the choices made by …

This study uses the Retirement Confidence Survey of College and University Faculty, 2005,
to examine the impact of pension plan incentives on retirement age and to understand how …

In this descriptive paper we detail the structure of two Washington State teacher retirement
plans: a traditional defined benefit plan and a hybrid defined benefit-defined contribution …

This paper studies the pension preferences of Washington State public school teachers by
examining two periods of time during which teachers were able to choose between enrolling …

Traditional retirement plans that have provided state and local government workers with
generous pensions are increasingly in peril. The cost to state and local governments of …

Since 2002, public school teachers in Florida have been permitted to choose between a
defined benefit (DB) and a defined contribution (DC) retirement plan. We exploit this unique …