Living with defined contribution pensions : remaking responsibility for retirement
Author(s)
Bibliographic Information
Living with defined contribution pensions : remaking responsibility for retirement
(Pension Research Council publications)
Pension Research Council, Wharton School of the University of Pennsylvania : University of Pennsylvania Press, c1998
- : cloth
Available at 10 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Includes bibliographical references and index
Description and Table of Contents
Description
Employers are increasingly turning to defined contribution plans, especially the popular 401(k) plan, in place of the older, employer-based pension model.
This shift has implications for the nation's workforce. Such defined contribution pensions have clear advantages for employees, including greater flexibility and portability. But they also place a great deal of responsibility on participants' shoulders. Decisions about whether to participate, how much to contribute, and how to invest can be overwhelming for individuals with limited knowledge or understanding of retirement savings.
Living with Defined Contribution Pensions considers the impact of defined contribution pension plans on the prospects for retirement saving and wellbeing. The book carefully analyzes the emerging trends in defined contribution pensions, seeking to explore how the switch will affect retirement income in the future, and recommending ways to improve decision making about pension design in the future.
"The book contains high-quality research, drawn from many sources and well referenced, yet written in a straightforward, businesslike way. . . . After an excellent introduction by the editors, the book is divided into three sections:
The new responsibility of defined contribution plans
Preserving defined contribution pension accumulations, and
Retirement policy and defined contribution plans.
Table of Contents
Preface
1. Defined Contribution Pensions: New Opportunities, New Risks
-Olivia S. Mitchell, Sylvester J. Schieber
2. Pension Coverage Initiatives: Why Don't Workers Participate?
-Richard P. Hinz, John A. Turner
3. Financial Illiteracy, Education, and Retirement Saving
-B. Douglas Bernheim
4. Factors Affecting Participation Rates and Contribution Levels in 401(k) Plans
-Robert L. Clark, Sylvester J. Schieber
5. Employee Decisions with Respect to 401(k) Plans
-Andrea L. Kusko, James M. Poterba, David W. Wilcox
6. Implications of the Shift to Defined Contribution Plans for Retirement Wealth Accumulation
-William G. Gale, Joseph M. Milano
7. Responses of Mutual Fund Investors to Adverse Market Disruptions
-John D. Rea, Richard G. Marcis
8. Trends in Retirement Income Plan Administrative Expenses
-Edwin C. Hustead
9. Emerging Problems of Fiduciary Liability
-Brian T. Ortelere
10. The Changing Paradigm of 401(k) Plan Servicing
-Ronald D. Hurt
11. The Importance of Variable Annuities in a Defined Contribution Pension System
-P. Brett Hammond
12. Disparate Savings Propensities and National Retirement Policy
-Richard A. Ippolito
13. The Future of the Defined Contribution Revolution
-Sylvester J. Schieber, Richard Dunn, David L. Wray
Contributors
Index
by "Nielsen BookData"