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Can California Teacher Pensions Be Distributed More Fairly?
Urban Institute Link to more items from this source
Dec. 6, 2014
"Only 35 percent of new hires will receive pensions worth more than the value of their required plan contributions. Most new hires would have better financial outcomes if they could opt out of the mandatory retirement plan and invest their contributions elsewhere. Additional plan reforms should focus on changing the benefit formula to distribute pensions more equitably across the workforce."

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