Changing Face of Pension Schemes - Examining the Reasons for Switching from a Defined Benefit Scheme to Defined Contribution Scheme PDF Download

Author: Catherine Heduan
Publisher:
ISBN:
Category :
Languages : en
Pages :

View

Book Description

Author: David Rajnes
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

View

Book Description
This Issue Brief examines trends in employment-based defined benefit (DB) and defined contribution (DC) pension plans since 1975. The analysis relies extensively on Form 5500 reports submitted by plan sponsors and published by the Department of Labor, although other sources of information are used. The Issue Brief goes beyond a general description of trends in the number of qualified private-sector plans, participants, and plan contributions and assets to examine why DB plans have steadily lost ground as the preferred plan type in recent decades. It explores several explanations for the increased use of DC plans and cites the research and lines of reasoning used to support them. These reasons include government regulation; changes in the work place; business environment and risk associated with funding and managing pension plans; firm size; increased global competition; and the successful marketing efforts of consultants and DC plan service providers. Developments in the public sector--on the federal and state and local levels--are discussed. The report addresses public policy implications raised by the movement away from DB toward DC (and hybrid) plan designs. Important issues in this context include possible sources of future retirement income; the impact of job stability on the portability of retirement benefits as well as benefit preservation and decumulation; and the extent to which alternative retirement plan designs satisfy the needs of both employer and employee. A closing section examines two topics of importance to retirement plans: changes in the tax code resulting from the Economic Growth and Tax Relief Reconciliation Act (EGTRRA) of 2001 and recent developments in corporate governance reform and financial disclosure. The report updates information contained in a 1997 EBRI analysis of the same subject, and includes sections on plan design and operational issues that are combined into an appendix to provide basic background on how retirement plans work.

Author: United States. Congress. Senate. Committee on Finance. Subcommittee on Private Retirement Plans and Oversight of the Internal Revenue Service
Publisher:
ISBN:
Category : Defined benefit pension plans
Languages : en
Pages : 344

View

Book Description

Author: United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight
Publisher:
ISBN:
Category : Occupational mobility
Languages : en
Pages : 292

View

Book Description

Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Defined contribution pension plans
Languages : en
Pages : 40

View

Book Description

Author: Joseph F. Delfico
Publisher:
ISBN:
Category : Occupational mobility
Languages : en
Pages : 62

View

Book Description

Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Pensions
Languages : en
Pages : 52

View

Book Description

Author: Jeffrey R. Brown
Publisher: University of Chicago Press
ISBN: 0226076504
Category : Business & Economics
Languages : en
Pages : 473

View

Book Description
Social Security Policy in a Changing Environment analyzes the changing economic and demographic environment in which social insurance programs that benefit elderly households will operate. It also explores how these ongoing trends will affect future beneficiaries, under both the current social security program and potential reform options. In this volume, an esteemed group of economists probes the challenge posed to Social Security by an aging population. The researchers examine trends in private sector retirement saving and health care costs, as well as the uncertain nature of future demographic, economic, and social trends—including marriage and divorce rates and female participation in the labor force. Recognizing the ambiguity of the environment in which the Social Security system must operate and evolve, this landmark book explores factors that policymakers must consider in designing policies that are resilient enough to survive in an economically and demographically uncertain society.

Author: United States. General Accounting Office
Publisher: DIANE Publishing
ISBN: 1428972579
Category : Pension trusts
Languages : en
Pages : 52

View

Book Description

Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Defined contribution pension plans
Languages : en
Pages : 64

View

Book Description