Chapter

Administrative Costs of State Defined Benefit and Defined Contribution Systems

Edwin C. Hustead

in The Future of Public Employee Retirement Systems

Published in print August 2009 | ISBN: 9780199573349
Published online February 2010 | e-ISBN: 9780191721946 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199573349.003.0007
Administrative Costs of State Defined Benefit and Defined Contribution Systems

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This chapter compares the administrative costs of public sector defined benefit and defined contribution systems offered by the federal government and many states. Administrative expenses are presented as percentages of both income and assets, and the author discusses how administrative expenses might enter into the decision by a public sector employer as to whether to establish a defined contribution plan.

Keywords: pension administrative costs; Federal Employees Retirement Plans; Colorado; Florida; Montana; North Dakota; Ohio; West Virginia; State Retirement Plans

Chapter.  3110 words. 

Subjects: Public Management and Administration

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