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Balancing DB and DC in public plans
Chris Anast
Senior Retirement Strategist
Jay Binstock
Client Solutions Strategist
Naomi Fink
Retirement Economist

 


 

 

How can defined benefit (DB) and defined contribution (DC) plans work together to help close the retirement income gap? The second installment of our “DB and DC: Complements, not substitutes” series looks at the experience of public safety workers to help answer this important question.

Key takeaways:

  • Facing longer lifespans and reduced DB benefits, public workers may need additional sources of retirement income.

  • Some public workers, such as public safety workers, could face a greater retirement gap.

  • DC plans and deferred retirement programs could help public workers extend the life of their retirement savings.

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Chris Anast is a senior retirement strategist with 25 years of industry experience (as of 12/31/2023). He holds a bachelor's degree in finance from the University of Florida and holds the Chartered Financial Analyst® designation.

Jay Binstock is a client solutions strategist with 13 years of industry experience (as of 12/31/2021). He holds a bachelor’s degree in business administration, finance from the University of Southern California.

Naomi Fink is a retirement economist with 23 years of industry experience (as of 12/31/2021). She holds a master’s degree from Barcelona GSE.

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