"[S]tate-by-state report cards included in this report present comprehensive state data on pension funding and pension system rules, and grade the states on the extent to which they: Offer teachers the option of a flexible and portable primary pension plan, such as a defined contribution (DC) plan.... Ensure that traditional defined benefit (DB) pension plans are portable, flexible and fair for all teachers... At a minimum, ensure some basic principles of fairness in traditional systems... Shore up pension funding for existing commitments... Require that pension systems smoothly accrue pension wealth with each year of work."  MORE >>