Sentences with phrase «strict defined benefit pension systems»

There is evidence that more effective teachers are more likely to enroll in the hybrid pension plan, suggesting that states could reduce the financial risk associated with strict defined benefit pension systems without sacrificing the desirability of pension plans to employees.

Not exact matches

Among his recommendations, Astorino favors switching elected officials from the defined - benefit pension plan to a defined - contribution plan; replacing the per diem system for lawmaker expenses to one requiring stricter bookkeeping; and scrapping the state Joint Commission on Public Ethics in favor of a new independent ethics watchdog appointed by the judiciary.