000			01705nam a2200169 4500
999			_c509904 _d509904
008			190701b ||||| |||| 00| 0 eng d
100			_aAli, Bruns Susannah _96701
245			_aRetirement planning decisions: choices between defined and defined contribution plans
260			_c2019
300			_ap.218-235.
520			_aAs states move toward offering defined contribution retirement plans as an alternative or addition to traditional defined benefit pensions, they need to consider the preferences and long-term consequences for different groups of employees. This study looks at which plan employees choose when given the option of either a defined contribution or defined benefit plan. The strongest driver of that choice is education level where the most educated prefer defined contribution plans and the least educated stay in defined benefit plans. A unique contribution of this study is that we include region of origin as a study and determine that cultural differences influence plan selection. The study also explores the role of sex, age, and tenure. Challenging other studies on financial planning, these findings indicate that sex and age are not significant factors. This research was conducted using data from more than 4,000 employees from Florida International University and an interview with HR professionals. By understanding retirement preferences in a more nuanced way, we can better craft our approaches to retirement security and financial literacy training in public sector organizations. - Reproduced.
650			_aPensions _96702
700			_aFrank, Howard A. _96703
773			_aAmerican Review of Public Administration
906			_aRetirement
942			_2ddc _cAR