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, infamous for their complexity, can be
bewildering to policy analysts and policymakers. Private Pensions and
Public Policies sheds timely and much-needed light on specific issues
within the broader context and framework of pension reform.
Contributors focus on topics that must be addressed in any reform
effort, including the effects of the shift in emphasis toward defined
contribution plans (after the 1974 Employee Retirement Income and
Security Act) and hybrid plans (from the 1990s); regulatory issues
such as nondiscrimination rules and contribution limits; how to
increase the information available to participants and improve
financial education; how participants in defined contribution plans
make choices on questions such as asset allocation, back-loaded versus
front-loaded saving, and annuities versus lump sum distributions; and
the interaction of the private pension system with Social Security.
Contributors include Robert L. Clark (North Carolina State
University), Sylvester J. Schieber (Watson Wyatt Worldwide), Richard
A. Ippolito (George Mason University School of Law), Alan L. Gustman
(Dartmouth College), Thomas L. Steinmeier (Texas Tech University),
John Karl Scholz (University of Wisconsin), Dean M. Maki, (JPMorgan
Chase), William Even (Miami University of Ohio), Jagadeesh Gokhale
(American Enterprise Institute), Laurence J. Kotlikoff (Boston
University), Mark J. Warshawsky (TIAA-CREF Institute), Annika Sunden
(Boston College), Andrew A. Samwick (Dartmouth College), David A. Wise
(Harvard University), Joel Dickson (T
Les mer
Produktdetaljer
ISBN
9780815796428
Publisert
2017
Utgiver
Vendor
Brookings Institution Press
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter