Supplemental Plan Offerings and Retirement Saving Choices: An Analysis of North Carolina School Districts
Unlike private sector employers, public school districts generally offer more than one type of supplemental retirement savings plan and allow multiple vendors to offer products. Using individual-level payroll data from over half of the public school districts in North Carolina coupled with data from an employer survey, this study examines the impact of inter-district differences in supplemental plan administration on participation in these savings vehicles. We find wide variation in total participation rates and in 403(b) plan participation rates in particular, even among this population of public-sector workers with the same defined benefit pension plan, health plan, and retiree health coverage. Individual and district characteristics explain some, but not all, of the variation observed.
Published Versions
Supplemental Plan Offerings and Retirement Saving Choices: An Analysis of North Carolina School Districts, Robert L. Clark, Emma Hanson, Melinda S. Morrill, Aditi Pathak. in The Impact of Reforms of State Retirement Plans, Clark and Newhouse. 2016
Robert L. Clark, Emma Hanson, Melinda Sandler Morrill, Adiit Pathak, 2016. "Supplemental plan offerings and retirement saving choices: an analysis of North Carolina school districts," Journal of Pension Economics and Finance, vol 15(03), pages 333-355. citation courtesy of 
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