Blog: Alternative Models

Giving workers a "nudge" can dramatically impact the number of workers covered by a retirement plan.
Teacher pensions have a similar effect on worker retention as the pensions offered to military members.
Military pensions do not distribute benefits equally and severely shortchange the majority of members. The Department of Defense is now considering switching to a hybrid model.
If all you knew about Colorado's teacher retirement systems were the teacher and employer contribution rates and the investment return, you could create a pretty awesome, cost-neutral retirement plan.

In honor of National Save for Retirement Week, we've created a Buzzfeed-style quiz to help you better understand teacher retirement plans and the issues around them.

A new Manhattan Institute report looks at whether teachers would prefer a traditional or a smooth-accrual defined benefit plan.
Federal and state leaders have recently proposed a variety of solutions intended to address the need for greater retirement security.
Few states have adopted pure defined contribution plans, but there has been a recent increase in the number of non-traditional retirement plans, including hybrid plans that give employees more flexibility while reducing state financial burdens.
The Urban Institute issued a report evaluating the impact of the hybrid plan for Rhode Island’s teachers. According to the study, 80 percent of teachers will benefit from the new system.
Unfortunately for teachers entering the classroom as a second career, most state pension plans are designed primarily to support the retirement of teachers with much longer time to serve -- leaving second-career teachers with relatively slim benefits.