As with teachers, traditional defined benefit plans create strong incentives for administrators nearing normal retirement to continue on the job until their pension wealth peaks, and the turnover rates from the principal survey confirm this trend. (educationnext.org)
Part of the problem may have to do with the fact that employees have little involvement with traditional defined benefit plans, says Wendy Foster, senior vice president in Fidelity's defined benefit business. (fortune.com)
Pension debates often frame traditional defined benefit plans versus 401k - style defined contribution plans. (teacherpensions.org)