Sentences with phrase «defined benefit pension systems do»

The fact that Missouri's defined benefit pension systems do not tie an individual's contributions directly to his or her pension benefits causes numerous problems.

In short, Florida's defined benefit pension system doesn't work well for the vast majority of its teachers.

Not exact matches

Maintaining a defined benefit system delays a reckoning with public sector pensions, it does not make them financially sustainable.

«From his staunch defense of the defined benefit pension system to his efforts to safeguard their hard - earned tax dollars, no one does more to protect working people than Comptroller DiNapoli.

As the authors make clear, the current defined benefit pension systems in place across the country do offer a higher maximum level of compensation for the minority of teachers who stay in the profession and remain in the same pension system for their entire careers.

This paper uses a policy change in California to show that the extreme rewards and penalties built into existing defined benefit teacher pension systems do affect teacher retirement behavior.