Leon F. Joyner, Jr.

    Nari Rheeand Leon F. Joyner, Jr.

    Teacher Pensions vs. 401(k)s in Six States

    In this study, we determine whether most teachers working in classrooms today can expect to work long enough in the same state to accrue higher benefits under their existing traditional pension, which provides monthly income based on age and service, than they would under a 401(k)-type savings plan of equal cost.