State and Local Retirement Plans in the United States explains how economic and political events have shaped the development of pension plans in the last century, and it argues that changes in the structure and generosity of these plans will continue to shape policy and funding in the future. It...

For the past three decades, there has been a significant movement away from defined benefit pension plans in the private sector toward greater use of defined contribution plans, especially 401(k) plans. In contrast, retirement plans in the public sector remain primarily defined benefit plans....

State and Local Retirement Plans in the United States explains how economic and political events have shaped the development of pension plans in the last century, and it argues that changes in the structure and generosity of these plans will continue to shape policy and funding in the future. It...