Living with Defined Contribution Pensions
Title | Living with Defined Contribution Pensions PDF eBook |
Author | Olivia S. Mitchell |
Publisher | University of Pennsylvania Press |
Pages | 310 |
Release | 1998-05-29 |
Genre | Business & Economics |
ISBN | 9780812234398 |
Table of Contents
Defined Contribution Plans: Challenges and Opportunities for Plan Sponsors
Title | Defined Contribution Plans: Challenges and Opportunities for Plan Sponsors PDF eBook |
Author | Jeffery V. Bailey |
Publisher | CFA Institute Research Foundation |
Pages | 108 |
Release | 2021-08-11 |
Genre | Business & Economics |
ISBN | 1952927218 |
American workers rely on their employers to provide a way to generate retirement income beyond their Social Security earnings. Many employers still offer traditional defined benefit (DB) pension plans. A growing majority, however, have replaced DB plans with account-based defined contribution (DC) plans. Virtually everyone acknowledges that the basic DC plan design is flawed. Yet as a society with low private savings and a fraying Social Security system, we count on this imperfect structure to serve as a retirement security bulwark. Workers and society both need the employer-sponsored retirement system to function well. Enhancing DC plan design therefore becomes critical. Defined Contribution Plans: Challenges and Opportunities for Plan Sponsors offers guidance to plan sponsors interested in better understanding the primary issues confronting DC plans. We wrote this book from the viewpoint of the plan sponsor seeking to improve the DC system, and it follows five major themes: the plan participant, the plan sponsor, plan design, investments and investment managers, and asset decumulation in retirement. We present the material conversationally from a high-level perspective. We have not sought to write an encyclopedia on DC plans but rather focus on the basic features of well-run plans. We address key challenges facing DC plans and offer associated design and policy recommendations for plan sponsors and other interested parties to consider. Plan design improvements almost certainly will be incremental, rather than sweeping top-down changes mandated by regulators. Plan sponsors individually will make the important decisions that have lasting consequences for participants and for society. Our objective is to spark interest among sponsors, encouraging them to carry out additional research and take action. We believe the DC system will be strengthened by informed sponsors advocating for and implementing thoughtful strategic changes to their plans.
Defined Contribution Plans
Title | Defined Contribution Plans PDF eBook |
Author | United States. Internal Revenue Service |
Publisher | |
Pages | 24 |
Release | 1988 |
Genre | Defined contribution pension plans |
ISBN |
Private pensions plan features provided by employers that sponsor only defined contribution plans : report to the Chairman, Subcommittee on Civil Service, Committee on Government Reform and Oversight, House of Representatives
Title | Private pensions plan features provided by employers that sponsor only defined contribution plans : report to the Chairman, Subcommittee on Civil Service, Committee on Government Reform and Oversight, House of Representatives PDF eBook |
Author | |
Publisher | DIANE Publishing |
Pages | 64 |
Release | |
Genre | |
ISBN | 1428978887 |
Private Pensions
Title | Private Pensions PDF eBook |
Author | United States. General Accounting Office |
Publisher | |
Pages | 64 |
Release | 1997 |
Genre | Defined contribution pension plans |
ISBN |
Defined Contribution Plans for Retirement
Title | Defined Contribution Plans for Retirement PDF eBook |
Author | Bruce E. Patterson |
Publisher | |
Pages | 157 |
Release | 2012 |
Genre | BUSINESS & ECONOMICS |
ISBN | 9781622572915 |
Over the past 25 years, defined contribution plans, including 401(k) plans, have become the most prevalent form of employer-sponsored retirement plan in the United States. The majority of assets held in these plans are invested in stocks and stock mutual funds, and the decline in the major stock market indices in 2008 greatly reduced the value of many families' retirement savings. The effect of stock market volatility on families' retirement savings is just one issue of concern to Congress with respect to defined contribution retirement plans. This book examines fee considerations and country comparisons relating to defined contribution plans for retirement with a focus on increasing access to employer-sponsored plans, raising participation and contribution rates, helping participants make better investment choices, requiring clearer disclosure of fees charged to plan participants, preserving retirement savings when workers face economic hardship or change jobs, and promoting life annuities as a source of retirement income.
An Elected Official's Guide to Defined Benefit and Defined Contribution Retirement Plans
Title | An Elected Official's Guide to Defined Benefit and Defined Contribution Retirement Plans PDF eBook |
Author | Nicholas Greifer |
Publisher | |
Pages | 61 |
Release | 1999 |
Genre | Civil service |
ISBN | 9780891252467 |