Critical Issues in the Transition From the Defined Benefit to the Defined Contribution Pension Model

Autor:	Howard A. Frank, Hai Guo, Yongqing (Carrie) Cong, Gerasimos A. Gianakis
Rok vydání:	2014
Předmět:	Organizational Behavior and Human Resource Management Economic growth Pension Public Administration Public economics business.industry media_common.quotation_subject Recession State (polity) Perception Sustainability Public pension Economics Human resources business media_common Public finance
Zdroj:	Review of Public Personnel Administration. 35:333-351
ISSN:	1552-759X 0734-371X
Popis:	The dramatically increased costs of maintaining many public pension systems after the recent economic downturn have spurred a number of state and local governments to reassess the sustainability of traditional defined benefit (DB) pension plans and to explore reforms. To relieve this fiscal burden, some municipalities have considered implementing defined contribution (DC) plans for some portions of their workforce. This article explores critical issues attendant to implementing this paradigm shift. Utilizing a survey, the authors examine the perceptions of municipal finance and human resource managers regarding this potential transition. Findings indicate that these groups hold virtually identical positions on these issues. Reforms undertaken to bolster sustainability of the DB-centered model may bear unanticipated consequences—both positive and negative—that are largely unexplored given their recentness. Practitioners should prepare for these eventualities.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::daefdb43c2c0b4573d77205761407cc9 https://doi.org/10.1177/0734371x14533572 Zobrazit plný text záznamu