Pension plans leave most teachers exposed to this «attrition risk,» the risk that they'll leave before qualifying for decent retirement benefits. (teacherpensions.org)
Worse, pension plans tend to be heavily back - loaded, meaning they only deliver decent retirement benefits to teachers who stay for 20 or 30 years. (teacherpensions.org)
In addition, they will do little to increase incentives for personal saving, which is ultimately needed to fund long - term economic growth and decent retirement incomes for future generations. (religion-online.org)