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DB Pensions vs. 401(k)s: A Study of Teacher Retirement Programs in Six States
National Institute on Retirement Security [NIRS] Jan. 7, 2019
"Eight out of ten educators serving in the six states studied can expect to collect pension benefits that are greater in value than what they could receive under an idealized 401(k)-type plan. The study also finds that the typical teacher in these states that offer pensions will serve 25 years in the same state, while two out of three educators will teach for at least 20 years."
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