By Dan Doonan and Elizabeth Wiley, includes “Hybrid retirement plans for state and local government employees are not new, but have received increased attention in recent years as jurisdictions have sought to modify retirement benefits, whether for cost concerns or other objectives. … The report finds that in some cases, shifts to hybrid designs were made without a proper evaluation of the long-term implications of the plan changes. In contrast, other hybrids are well-thought-out … The bottom line is that all hybrid plans are not created equal.”
Read the full article on: National Institute on Retirement Security