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A legislative template for a modernized public sector defined contribution plan

Outline of the model defined contribution plan This model legislation is intended to provide a policy-driven framework for state and local governments to create a new (or improve an existing) defined contribution (DC) retirement system for public employees. The legislation uses Retirement Benefit Policy Statements to establish the purpose and objectives of the plan sponsor and as directives to the fiduciary and other entities charged with the on…
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Reason Foundation broke the news in on Wednesday, July 16, 2025.
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