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Public pension plans better for retirees’ needs, report says

These defined benefit plans allow for enough savings and have portability, according to a study from the National Institute on Retirement Security

By Marlene Y. Satter | Updated on July 12, 2016
Public defined benefit pension plans still meet employees' needs for having enough retirement savings and being portable, a study from the National Institute on Retirement Security says. (AP Photo)

As workers worry increasingly about having enough money to see them through retirement in reasonable comfort without running out, as well as wanting to be able to move their retirement plans from job to job, a report from the National Institute on Retirement Security touts public defined benefit pension plans as meeting both those needs.

Related: A new way to open discussions about pension benefit reliability

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