Education Commons^™

Should I Stay Or Should I Go Now? An Analysis Of Pension Structure And Retirement Timing, Dan Goldhaber, Cyrus Grout, Kris Holden, Josh B. Mcgee

Education Reform Faculty and Graduate Students Publications

Over the last two decades, twenty-two states have moved away from traditional defined benefit (DB) pension systems and toward pension plan structures like the defined contribution (DC) plans now prevalent in the private sector. Others are considering such a reform as it is seen as a means of limiting future pension funding risk. It is important to understand the implications of such reforms for end-of-career exit patterns and workforce composition. Empirical evidence on the relationship between pension plan structure and retirement timing is currently limited, primarily because, most state pension reforms are so new that few employees enrolled in those …