States are considering a model for state pension reform called a "hybrid" that provides employees with both a traditional pension plan and a 401(k)-type plan. It has been adopted in Utah and is under consideration in Rhode Island. It can provide safer employee benefits than moving entirely to a 401(k)-type plan, and can be less expensive for governments than a traditional plan. This session on state pensions was addressed at NCSL's 2011 Fall Forum.
Speakers:
Senator Daniel R. Liljenquist, Utah
Mark Singel, The Winter Group, Pennsylvania
Keith Brainard, National Association of State Retirement Administrators, Texas
Jim Testerman, National Education Association, Washington, D.C.
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