Sentences with phrase «db pensions account»
Their spending is especially important to small towns, where DB pensions account for 9 % of total earnings, versus just 6 % for larger cities.
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Thus, the path dependency that political scientist Paul Pierson, 1997 has observed in pension reforms is not just an observed fact, but a desired characteristic.21 Threats to sustainability are typically identified as expenditures rising above an acceptable level, and especially in prefunded DB plans, volatility of pension contributions or accounting expenses for pensions.
This would be the case if states also changed their retirement plans from DB pensions to an alternative design, particularly defined contribution (DC) savings accounts such as 403 (b) plans, but also a cash balance plan.
Most public school teachers participate in defined benefit (DB) pension plans, which because of different accounting rules contribute significantly less today for each dollar of future retirement benefits than private - sector DB pensions or defined contribution (DC) pension plans.