pensions policies financing proposals

books:

The Evolving Pension System: Trends, Effects, and Proposals for Reform

Brookings Institution Press, 2005

When the Employee Retirement Income Security Act (ERISA) was passed in 1974, the world of pensions was very different from today. Then, most pensions were packaged as defined benefit plans--the employer guaranteed a certain level of income to the employee on retirement. But from the 1980s on, in part because of ERISA?s regulatory structure, but also because of job mobility and other factors, pension coverage increasingly meant defined ...

The Role of Annuity Markets in Financing Retirement

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Jeffrey R. Brown, Olivia S. Mitchell, ...

The MIT Press, 2001

Annuity
Dramatic advances in life expectancy mean that people must plan their retirements on the assumption that they will live into their eighties, their nineties, or even beyond. Longer life expectancies are the symbol of a prosperous society, but this progress also means that some retirees will need to plan conservatively and cut back substantially on their living standards or risk living so long that ...

Private Pensions and Public Policies
John B. Shoven, Mark J. Warshawsky

Brookings Institution Press, 2004

The private pension system, together with Social Security, has provided millions of Americans with income security in retirement. But over the past thirty years, pension coverage has stagnated, leaving behind some vulnerable groups. Defined contribution plans have exposed workers to greater investment risk, while cash balance and other hybrid plans may have adverse effects on older workers caught in the transition. Pension regulations, ...