29 pages. "This report explores the potential impact states will face should lawmakers decide to convert new public employees from a defined-benefit pension plan [DB plan] to a defined-contribution 401(k) retirement plan [DC plan][ as a budget-saving measure.... [1] Has the emergence of [DC plans] contributed to the retirement savings crisis in the country? [2] Does converting a [DB plan] to a [DC plan] impact the overall cost to the state? [3] What are the consequences of converting a [DB plan] to a [DC plan]? [4] Does conversion to a [DC plan] impact recruitment and retention of public employees?"  MORE >>