A new public retirement research lab has been established to improve public sector defined contribution plans, the co-creators said Monday.
The Employee Benefit Research Institute and the National Association of Government Defined Contribution Administrators announced that the lab will conduct research, based on participant behavior, to improve decision-making among sponsors, administrators and policymakers, according to a news release.
"EBRI is pleased to partner with NAGDCA to provide our researchers' expertise to this project to allow for the type of unbiased analyses that many plans in the private sector currently rely on," Lori Lucas, the EBRI president and CEO, said in the news release. The lab will use EBRI's public retirement research database.
Combining EBRI's research and NAGDCA's focus on public sector defined contribution plans will make the lab "the premier source of information for understanding how public sector workers are saving for retirement," Matt Petersen, NAGDCA's executive director, said in the news release.
The research lab, which starts work next year, will release its first report, using 2019 data, at NAGDCA's annual conference in Seattle in October and at EBRI's policy forum in Washington in December, the news release said.