Title: Faculty Choice of a Pension Plan: Defined Benefit vs. Defined Contribution
Abstract: Worker preferences between define-benefit and defined-contribution pension plans are estimated using a sample of faculty members at North Carolina State University. Newly hired faculty must decide between the state retirement plan (a final pay, defined-benefit plan) and one of three defined-contribution plans (TIAA/CREF, VALIC, Lincoln National). This analysis allows the authors to estimate the choice of a pension plan holding constant the place of employment. The study uses both university employment records and a faculty survey to examine the factors that determine the choice of a pension.
Publication Year: 1999
Publication Date: 1999-09-07
Language: en
Type: article
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Cited By Count: 6
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