New paper from NAGDCA provides DC data.
Position | News & Numbers - National Association of Government Defined Contribution Administrators - Defined contribution - Brief article |
The Evolving Role of Defined Contribution Plans in the Public Sector, a research paper from the National Association of Government Defined Contribution Administrators and the Arthur N.Caple Foundation, provides information to assist retirement plan administrators and public policy makers in their review and implementation of defined contribution plans.
Findings include the following:
* Between 2009 and 2011, 43 states enacted pension reform.
* Several experts predict a continuing trend toward increased reliance on a DC plan component in the public sector to provide retirement income.
* The definition of what constitutes an adequate retirement income for employees varies.
* Behavioral research suggests that most people lack the skills to effectively manage their own retirement investments.
* Automatic enrollment is...
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