Gang Chen is an Assistant Professor in Rockefeller College of Public Affairs and Policy at the University at Albany-SUNY. He can be reached at email@example.com.
The Management of Defined Contribution Pension Plans in Local Government
Article first published online: 5 SEP 2013
© 2013 Public Financial Publications, Inc.
Public Budgeting & Finance
Volume 33, Issue 3, pages 75–95, Fall 2013
How to Cite
CHEN, G., EBDON, C., KRIZ, K. A. and LAFORGE, O. M. (2013), The Management of Defined Contribution Pension Plans in Local Government. Public Budgeting & Finance, 33: 75–95. doi: 10.1111/j.1540-5850.2013.12015.x
- Issue published online: 5 SEP 2013
- Article first published online: 5 SEP 2013
- University of Nebraska Foundation
Despite the growing importance of defined contribution pension plans in state and local governments, little research exists on how those plans are actually managed. Our study fills a gap in the literature through using a mixed-methods approach on a sample of local governments in Nebraska. We employ a mail-out survey to get broad-based information on DC plan administration throughout the state, and use face-to-face interview techniques on a subsample of plans to investigate the details of plan management. We find several deviations from promulgated best practices, and substantial variation in administrators' knowledge of and role perception related to DC plans.